Hyde Park: reserves, tax increase and police agency costs
The Ledger's review of Hyde Park's budgets, audits, debt and redevelopment money. Every story in the series, sorted by subject, with the figures the records show and links to the official documents.
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Auditing Hyde Park: what the city's audit, budget and tax records show
The Ledger is reviewing Hyde Park's audited fiscal 2025 financial statements and the budget it filed with the State Auditor for fiscal 2026-27. The auditor gave an unmodified opinion on the statements but a qualified opinion on two state compliance requirements.
Read the explainer →Key figures
- $5.8 millionGeneral Fund balance at June 30, 2025Auditing Hyde Park: what the city's audit, budget and tax records show →
- $2.9 millionWater revenue bond outstanding at June 30, 2025Auditing Hyde Park: what the city's audit, budget and tax records show →
- $5.8 millionFiscal 2026-27 General Fund budgetAuditing Hyde Park: what the city's audit, budget and tax records show →
- $2.6 millionUnassigned General Fund balance, June 30, 2025Hyde Park's auditor reports General Fund reserves over the state limit for a second year →
- 9.74%Property tax increase adopted Aug. 26, 2026Hyde Park adopts 9.74% property tax increase tied to a public works hire and sidewalks →
- $65,000Budgeted sidewalk, curb and gutter repairsHyde Park adopts 9.74% property tax increase tied to a public works hire and sidewalks →
- $860,568Hyde Park funding to North Park Police Agency, fiscal 2025Hyde Park paid North Park Police Agency $860,568 in fiscal 2025 and budgets $990,000 →
- $2.25 millionPaid to DWA CONSTURUCTION, the city's largest payee in FY2026, as reported to the stateTransparent Utah: Hyde Park City highest-paid vendors FY2026 →
Budgets, reserves and taxes
Hyde Park adopts 9.74% property tax increase tied to a public works hire and sidewalks
Hyde Park's council voted 4-0 on Aug. 26, 2026 for a .00110 certified tax rate and its final budget. The mayor said the increase would fund a public works employee and sidewalk, curb and gutter repairs.
Contracts and spending
Hyde Park paid North Park Police Agency $860,568 in fiscal 2025 and budgets $990,000
Hyde Park buys police services from the North Park Police Agency under an interlocal agreement with North Logan. Its audit reports $860,568 in funding for fiscal 2025, and its filed budget lists $990,000 for the contract in fiscal 2026-27.
Audits and compliance
Hyde Park's auditor reports General Fund reserves over the state limit for a second year
Hyde Park's fiscal 2025 audit repeats a finding that the General Fund's unreserved balance exceeded the state's 35% limit, and adds a finding that the wastewater fund spent more than its final budget. The auditor qualified its state compliance opinion on both points.