The Ledger is starting a review of Draper City's budgets, audits, debt and redevelopment agency, stating only what public records say. Here is what the latest audited report and the FY2027 budget records show.
On Sept. 1, 2026, the agency approved a participation agreement with Nexcore Healthcare Development LLC for a three-story, roughly 80,000-square-foot medical office building in the Crescent district. The staff memo says about 150 medical professionals are expected to work there.
On Sept. 1, 2026, the agency approved a participation agreement with Nexcore Healthcare Development LLC for a three-story, roughly 80,000-square-foot medical office building in the Crescent district. The staff memo says about 150 medical professionals are expected to work there.
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The council's Aug. 18 budget raised the city tax rate by about 25% and appropriated $3,295,700 of General Fund balance. A finance presentation in October shows the city used $2,109,977 of the $4,908,300 in reserves budgeted for FY2026.
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The redevelopment agency's 2026 annual report lists unaudited June 30, 2026 balances in East Bangerter, Sand Hills and West Freeway, along with intended uses. The agency's consultant told the council the areas had two years to spend or commit the money.
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The city's audited FY2025 report shows the ambulance fund took in $1,970,780 in operating revenue against $4,238,854 in operating expenses. Transfers in of $2,200,000 left its net position up $19,668.