Taylorsville: storm drain loan, urban renewal area and property tax
The Ledger's review of Taylorsville'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 Taylorsville: what public records show about the city's finances
The Ledger is starting a review of Taylorsville's audits, budgets, debt, redevelopment areas and council votes, reporting only what the records say. Here is the city's financial baseline and what the series covers.
Read the explainer →Key figures
- $35.5 millionFY2027 General Fund budget, revenues and expensesAuditing Taylorsville: what public records show about the city's finances →
- $11.1 millionGeneral Fund unassigned fund balance, June 30, 2025Auditing Taylorsville: what public records show about the city's finances →
- $831,774Storm drain fund's balance owed to the General Fund, June 30, 2025Auditor recommended formal terms for Taylorsville's $831,000 storm drain fund advance →
- $21.3 millionCumulative tax-increment cap for the 5400 South/Bangerter area through tax year 2038Taylorsville's Bangerter urban renewal area: a $21.3 million cap through 2038 →
- $234,800Added annual city property tax revenue for road maintenanceTaylorsville's 2026 property tax increase: $234,800 for road maintenance →
- $900,000Proposed cap on agency buyer assistance for 30 workforce unitsSolstice at 54th: the proposed $900,000 in agency aid for 30 workforce homes →
- $5.15 millionPaid to SALT LAKE COUNTY PUBLIC WORKS OPERATIONS, the city's largest payee in FY2026, as reported to the stateTransparent Utah: Taylorsville City highest-paid vendors FY2026 →
Redevelopment money
Taylorsville's Bangerter urban renewal area: a $21.3 million cap through 2038
The redevelopment agency asked taxing entities to extend tax-increment collections in the 5400 South and Bangerter Highway area from 2029 to 2038. The approved budget sets a cumulative cap of $21,292,871, which includes past collections, and requires annual milestone reports beginning June 30, 2026.
Budgets, reserves and taxes
Taylorsville's 2026 property tax increase: $234,800 for road maintenance
The City Council voted 5-0 on Aug. 12, 2026 to adopt a city levy that raises its rate from 0.000819 to 0.000860. The city's notice says the $234,800 in added revenue will go to public works road maintenance and be kept in a restricted account.
Subsidies
Solstice at 54th: the proposed $900,000 in agency aid for 30 workforce homes
Taylorsville's redevelopment agency board had a proposed resolution on its Oct. 7, 2026 agenda for Edge Homes Utah's 316-unit Solstice at 54th project, with up to $900,000 in agency buyer assistance, up to $50,000 for sewer work and the sale of an agency parcel. The records reviewed do not show the board's decision.
Contracts and spending
No story in the series on this yet.
Audits and compliance
Auditor recommended formal terms for Taylorsville's $831,000 storm drain fund advance
At a November 2025 council meeting the city's auditor described an unrepaid temporary loan from the General Fund to the storm drain fund and recommended formalizing it with interest. The audited report puts the balance at $831,774 at June 30, 2025. The council later raised the storm water fee.