Draper: tax rate, reserves and redevelopment areas
The Ledger's review of Draper'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 Draper: what the city's own records show about its money
The Ledger is starting a review of Draper City's budgets, audits, debt and redevelopment agency, stating only what public records say. Here is what the latest audited report and the FY2027 budget records show.
Read the explainer →Key figures
- $18.98 millionUnassigned General Fund balance at June 30, 2025 (audited)Auditing Draper: what the city's own records show about its money →
- $23.46 millionOutstanding bonds, notes and leases at June 30, 2025Auditing Draper: what the city's own records show about its money →
- $3.3 millionGeneral Fund balance appropriated in the adopted FY2027 budgetDraper raised its FY2027 tax rate and still plans to use $3.3 million of reserves →
- $2.7 millionNew property tax revenue in the FY2027 General Fund planDraper raised its FY2027 tax rate and still plans to use $3.3 million of reserves →
- $8 millionUnaudited balances in three redevelopment areas no longer collecting incrementThree Draper redevelopment areas that stopped collecting report $8 million in balances →
- $2.27 millionAmbulance fund operating loss, FY2025Draper's ambulance fund lost $2.3 million in FY2025, covered by a $2.2 million transfer →
- $3.10 millionPaid to PRONGHORN CONSTRUCTION INC., the city's largest payee in FY2026, as reported to the stateTransparent Utah: Draper City highest-paid vendors FY2026 →
Redevelopment money
Draper's redevelopment agency approves a reimbursement deal for a Crescent medical office
On Sept. 1, 2026, the agency approved a participation agreement with Nexcore Healthcare Development LLC for a three-story, roughly 80,000-square-foot medical office building in the Crescent district. The staff memo says about 150 medical professionals are expected to work there.
Three Draper redevelopment areas that stopped collecting report $8 million in balances
The redevelopment agency's 2026 annual report lists unaudited June 30, 2026 balances in East Bangerter, Sand Hills and West Freeway, along with intended uses. The agency's consultant told the council the areas had two years to spend or commit the money.
Budgets, reserves and taxes
Draper's ambulance fund lost $2.3 million in FY2025, covered by a $2.2 million transfer
The city's audited FY2025 report shows the ambulance fund took in $1,970,780 in operating revenue against $4,238,854 in operating expenses. Transfers in of $2,200,000 left its net position up $19,668.
Draper raised its FY2027 tax rate and still plans to use $3.3 million of reserves
The council's Aug. 18 budget raised the city tax rate by about 25% and appropriated $3,295,700 of General Fund balance. A finance presentation in October shows the city used $2,109,977 of the $4,908,300 in reserves budgeted for FY2026.
Contracts and spending
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