Woods Cross: building authority bonds, tax revenue and water tank
The Ledger's review of Woods Cross'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 Woods Cross: audit, reserves, debt and City Hall plans
The Ledger is reviewing Woods Cross's public financial records, starting with the fiscal 2025 audit, the fiscal 2027 budget and property tax increase, a proposed City Hall and park bond, and a water-tank contract. Every figure comes from a linked public record.
Read the explainer →Key figures
- $6.3 millionGeneral Fund balance, June 30, 2025 (audited FY2025 statements)Auditing Woods Cross: audit, reserves, debt and City Hall plans →
- $14.2 millionTotal city debt outstanding, June 30, 2025Auditing Woods Cross: audit, reserves, debt and City Hall plans →
- $33 millionMaximum lease revenue bonds in Oct. 7, 2026 notice for City Hall and parks (not issued)Woods Cross building authority proposes up to $33 million in bonds for City Hall and park →
- $2.3 millionEstimated annual principal and interest on proposed City Hall bondsWoods Cross building authority proposes up to $33 million in bonds for City Hall and park →
- $995,285Additional annual property tax revenue in the 2026 tax increase noticeWoods Cross raised its property tax revenue by about $995,000 on a 3–2 vote →
- $4.2 million1500 South water tank contract awarded Aug. 6, 2026Woods Cross awards $4.2 million water tank contract after low bid topped bond estimate →
Debt and bonds
Woods Cross building authority proposes up to $33 million in bonds for City Hall and park
A notice posted Oct. 7 says Woods Cross's new Local Building Authority intends to issue up to $33 million in lease revenue bonds for a city hall and parks, with an estimated $2,303,367 a year in payments. A public hearing is set for Nov. 3.
Budgets, reserves and taxes
Woods Cross raised its property tax revenue by about $995,000 on a 3–2 vote
Woods Cross's council voted 3–2 on Aug. 4, 2026 to adopt the fiscal 2027 budget and a higher 2026 property tax rate. The city's notice put the increase at $995,285 a year, 46.86% over the prior year's budgeted property tax revenue, and the budget dedicates that amount to new City Hall debt service.
Contracts and spending
How Woods Cross picked its City Hall architect and construction manager
Woods Cross's council conditionally approved Method Studio as architect and Hogan Construction as construction manager for the new City Hall and Hogan Park in November 2025, after scoring and public interviews. Check registers from July through September 2026 list three payments to Method Studio.
Woods Cross awards $4.2 million water tank contract after low bid topped bond estimate
Woods Cross's council awarded Patriot Construction a $4,217,641.34 contract to replace the 1500 South water tank on Aug. 6, 2026. A month earlier, the low bid of $4,827,527 exceeded the project's $4,012,236 bond estimate, and the council agreed to shift $900,000 toward the tank.