The Ledger is reading South Jordan's budgets, audits, bond notices and district financial reports. Here is what the city's latest audited report and adopted budget show, and the separate Downtown Daybreak district that borrowed on its own.
South Jordan's Municipal Building Authority adopted a resolution on Sept. 15 allowing up to $27 million in lease revenue bonds for a new fire station. Its notice estimates total debt service at $43,667,000 if the bonds are held to maturity.
South Jordan's Municipal Building Authority adopted a resolution on Sept. 15 allowing up to $27 million in lease revenue bonds for a new fire station. Its notice estimates total debt service at $43,667,000 if the bonds are held to maturity.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
A Daybreak public infrastructure district, a government separate from South Jordan city, reports paying VP Daybreak Devco LLC $61,079,836.09 from its construction fund in April. Its June 30 statements show $86.32 million in bonds payable and no tax increment received yet.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
South Jordan's adopted budget adds a monthly parks fee of $5.28 for single-family homes and $3.38 for multifamily units. City officials told the council it would raise about $1.7 million a year and be tracked in dedicated budget lines.
