A facts-only review of Herriman's money, starting with the audited financial statements for the year ended June 30, 2025, and the two-year budget the City Council adopted in June 2026.
The city's audited statements list what the redevelopment agency paid each company, foundation and taxing agency under its agreements in the year ended June 30, 2025, and the caps on those agreements.
The city's audited statements list what the redevelopment agency paid each company, foundation and taxing agency under its agreements in the year ended June 30, 2025, and the caps on those agreements.
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The two-year budget includes bond proceeds for water projects, but the finance director told the council that issuing them would take a later vote. In August the council also set limits for a possible refinancing of existing sales tax bonds.
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The City Council approved a new two-year loan from the city's water rights impact fee fund in August to carry a 2020 land loan that had expired. City reports have listed three different due dates for the original loan.
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The boards of two special districts that fund Herriman's police and fire service, made up of the city's elected officials, voted unanimously in August to levy property tax rates above the certified rate.
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The adopted budget book shows the police budget rising $841,970 in fiscal 2028, while the minutes of the adoption meeting describe it as nearly flat. A redevelopment fund's balance table repeats another fund's figures.
