Millcreek: Common bonds and the new road fee
The Ledger's review of Millcreek'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 Millcreek: what city records show about its budget, debt and Millcreek Common
The Ledger is reviewing Millcreek's public financial records, starting with the fiscal 2025 audit, the 2025 redevelopment bonds for Millcreek Common, the new transportation utility fee and the fiscal 2027 budget. Every figure comes from a linked city record.
Read the explainer →Key figures
- $44.2 millionFiscal 2027 General Fund expenditures in the adopted budgetAuditing Millcreek: what city records show about its budget, debt and Millcreek Common →
- $50.5 millionSales tax revenue bonds outstanding at June 30, 2025Auditing Millcreek: what city records show about its budget, debt and Millcreek Common →
- $25 millionPrincipal of the 2025A and 2025B redevelopment bonds for East CommonMillcreek's 2025 East Common bonds: $25 million in two series →
- $22.1 millionFiscal 2027 budget for East Common and Millcreek North (Fund 452)Millcreek Common's next phases: $22.1 million budgeted for East Common and North →
- $7.65 a monthResidential transportation utility fee adopted June 22, 2026Millcreek's new road fee: $7.65 a month for homes, and a $3.4 million first-year estimate →
- 375 of 395Points on the city's 2026 fraud risk assessmentMillcreek's 2025 audit found no control deficiencies →
- $16.5 millionPaid to Unified Police Department of Greater Salt Lake, the city's largest payee in FY2026, as reported to the stateTransparent Utah: Millcreek City highest-paid vendors FY2026 →
Debt and bonds
Millcreek's 2025 East Common bonds: $25 million in two series
City budget and planning records put the redevelopment agency's August 2025 borrowing for the east block of Millcreek Common at $25 million in principal across two series. The audit's subsequent-event note opens with a $21.2 million figure before listing the same two series.
Redevelopment money
Millcreek Common's next phases: $22.1 million budgeted for East Common and North
Millcreek's fiscal 2027 budget sets $22,061,000 in spending for East Common and Millcreek North, mostly drawn from the fund's existing balance, and $6,050,000 for Millcreek Common Phase II. In July the council rezoned a Highland Drive property facing the Common for condominiums, retail and a hotel, subject to a development agreement.
Budgets, reserves and taxes
Millcreek's new road fee: $7.65 a month for homes, and a $3.4 million first-year estimate
The council adopted a transportation utility fee on June 22, 2026 to pay for city street maintenance. A September budget amendment created the fund, expecting $3.4 million from 10 months of billing and moving $500,000 of it to a public works yard project.
Contracts and spending
No story in the series on this yet.
Audits and compliance
Millcreek's 2025 audit found no control deficiencies
The auditors gave Millcreek's fiscal 2025 statements an unmodified opinion and reported no material weaknesses. The city's 2026 fraud risk assessment scored 375 of 395 points, missing only the 20 for a formal internal audit function.