Auditing Midvale
The Ledger's review of Midvale's budgets, audits, debt and redevelopment money.
The full audit section: stories by subject, key figures and records →
Background
Auditing Midvale: What the city's budget, audit and debt records show
Auditing Midvale follows the city's money through its own budgets, audits and redevelopment records. Midvale adopted a $24,179,095 General Fund budget for fiscal 2027. At June 30, 2025, the city reported $69,274,119 in long-term obligations and no general obligation bonds.
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- Politics
Proposed $250,000 zero-interest Midvale loan would release half before construction milestones
A term sheet before the Redevelopment Agency of Midvale City on Sept. 15, 2026 proposes a $250,000, seven-year, 0% loan to Post Exchange, LLC, doing business as The Vale. Half would be paid at signing, and the schedule says disbursements are not tied to construction or tenant improvement milestones.
- Politics
Split Midvale redevelopment board puts its $250,000 Main Street loan behind a bank's
The Redevelopment Agency of Midvale City voted 3-2 on Sept. 1, 2026 to subordinate its first-lien deed of trust on a $250,000 adaptive reuse loan to a Zions Bank loan of up to $1.29 million, according to minutes in the board's Sept. 15 packet.
- Politics
Midvale adopted a public safety tax increase projected at $78,814, below the $848,964 it first noticed
The Midvale City Council in August 2026 unanimously set a public safety property tax rate of 0.000266, projected to raise $78,814 more a year. In May, the council's packet had described an increase to an estimated 0.000474 that would have raised $848,964.
- Politics
Midvale redevelopment board raised Jordan Bluffs reimbursement cap to $53.3 million plus interest
In June 2025 the Redevelopment Agency of Midvale City unanimously approved a second amendment to the Jordan Bluffs tax increment reimbursement agreement. It raises the developer's reimbursement cap from $40,915,480 to $53,300,000, plus accrued interest, and sets conditions tied to development value and a parcel for the city's Public Works facility.