North Salt Lake: golf fund, Hatch Park bonds and water rates
The Ledger's review of North Salt Lake'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 North Salt Lake: what the city's audit and budget show
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.
Read the explainer →Key figures
- $24.9 millionLong-term debt outstanding, June 30, 2025 (audited)Auditing North Salt Lake: what the city's audit and budget show →
- $37.1 millionFY2027 total budgeted expenses, excluding RDA fundsAuditing North Salt Lake: what the city's audit and budget show →
- $2.9 millionGolf fund payable to capital projects fund for FY1994–2020 subsidiesNorth Salt Lake's golf fund owes $2.9 million in past subsidies, with no repayment plan →
- $15.1 millionHatch Park bond principal outstanding, June 30, 2025Hatch Park bonds: $15.1 million owed through 2047, with redevelopment money helping pay →
- 7.9%Increase in first-tier residential water usage rate, vs. 6% in staff memoNorth Salt Lake's 2026 water rates: base charges up 6%, usage tiers up about 8% →
- $1.3 millionNew property tax revenue proposed by South Davis Metro Fire Service AreaNorth Salt Lake adopts a lower tax rate as the fire district proposes a higher one →
- $1.91 millionPaid to SOUTH DAVIS METRO FIRE AGENCY, the city's largest payee in FY2026, as reported to the stateTransparent Utah: North Salt Lake, City of highest-paid vendors FY2026 →
Debt and bonds
Hatch Park bonds: $15.1 million owed through 2047, with redevelopment money helping pay
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.
Budgets, reserves and taxes
North Salt Lake adopts a lower tax rate as the fire district proposes a higher one
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.
North Salt Lake's 2026 water rates: base charges up 6%, usage tiers up about 8%
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%.
Subsidies
North Salt Lake's golf fund owes $2.9 million in past subsidies, with no repayment plan
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.
Contracts and spending
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