The fiscal 2026 budget estimated the First Dam water bonds would be issued in fiscal 2025. The fiscal 2027 budget shows none in fiscal 2025 actuals and lists them again as a fiscal 2026 estimate. The council has since carried forward $46.4 million for the tank and waterline.
The fiscal 2026 budget estimated the First Dam water bonds would be issued in fiscal 2025. The fiscal 2027 budget shows none in fiscal 2025 actuals and lists them again as a fiscal 2026 estimate. The council has since carried forward $46.4 million for the tank and waterline.
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The fiscal 2027 budget's fiscal 2025 actual column counts transfers and asset sales in its general fund totals; the audited report lists them separately. The two sets of figures match line by line.
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Council minutes from August to November 2023 show the 1400 North Main budget, the share each taxing entity was estimated to pay, and a developer incentive cap of $10,010,000.
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Annual reports show principal outstanding declining each year; in 2025 the council approved bond parameters of up to $60 million and then up to $40 million for water projects.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger