North Salt Lake's fiscal 2025 audit reports an unmodified opinion with no findings and $24.9 million in long-term debt at June 30, 2025. On June 16, 2026, the council adopted a fiscal 2027 budget that plans to use $107,400 of General Fund balance.
North Salt Lake borrowed $16,692,000 in 2022 to expand Hatch Park. The city still owed $15,117,000 of that principal in mid-2025, with payments of about $1.14 million a year through 2047. Redevelopment-area transfers help cover the payments, and most of the bond money was budgeted to move into park construction in fiscal 2026.
North Salt Lake borrowed $16,692,000 in 2022 to expand Hatch Park. The city still owed $15,117,000 of that principal in mid-2025, with payments of about $1.14 million a year through 2047. Redevelopment-area transfers help cover the payments, and most of the bond money was budgeted to move into park construction in fiscal 2026.
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North Salt Lake's council adopted a 0.000805 certified property tax rate, expected to bring in $3,139,460. The city manager also briefed the council on the separate South Davis Metro Fire Service Area's proposal to raise its rate from 0.000519 to 0.000603.
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North Salt Lake's council approved higher water and storm water rates on June 16, 2026, effective July 1. Staff described a 6% increase. Base charges rise 6%, but the listed usage rates rise about 7.7% to 8.3%.
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North Salt Lake's fiscal 2025 audit records $2,921,931 owed by the Eaglewood golf fund to the capital projects fund for subsidies from 1994 through 2020. The city expects to set a repayment schedule in a future year.
