Funding Our Future Dashboard

To provide the accountability in spending that residents demand, new revenue from the sales tax increase has been placed in a separate and trackable budget–setting an accountability precedent for future administrations. Using the Funding Our Future Dashboard, residents are able to track how this new revenue is being spent; how projects and programs are being implemented, and progress towards goals. Street reconstruction projects and expenditures will also be tracked on the Dashboard since the voter-approved streets reconstruction Bond is part of Funding Our Future.

With the original goals of creating more affordable housing options, providing safer neighborhoods, and connecting residents and businesses to better transit and improved streets, we can work to make our Capital City more equitable, environmentally sustainable, and grow economic opportunities for everyone.

Salt Lake City Council approved the Budget for Fiscal Year (FY) 2020-2021 in June 2020. Learn more about the budget process here.

To view the Fiscal Year 2019-2020 Budget, use this link.

To view the Fiscal Year 2018-2019 Budget, use this link.

Updated August 2020

CIP Year 1

CIP Update Year 2 July 2020

2020 Sales Tax Revenue Update

On August 1, 2018, the 0.5 percent sales tax increase went into effect. Salt Lake City began receiving this new revenue beginning in October 2018 with the first funds being dispersed for the projects and expenditures outlined on this dashboard beginning in early 2019. Because 2019 was a shortened collection period⁠—generating about $25 million of the $34 million expected to be collected during a full year—the start date for allocating funding varied for different program areas. The adopted FY 2020-2021 budget includes about $28.5 million for Funding Our Future projects.

2020 Streets Reconstruction Bond Update

On November 6, 2018, Salt Lake City voters approved the $87 million Streets Reconstruction Bond. This new dedicated funding is allowing the City to begin addressing our most deteriorating streets and, when paired with new sales tax revenue for streets maintenance, is enabling us to prolong the life of our entire street network.

As part of the Funding Our Future initiative, City leaders have committed to ensuring accountability in spending and will continue to provide residents with updates on streets reconstruction projects as they progress.

Here are the next steps for the Streets Reconstruction Bond:

Funding will be issued as several smaller bonds totaling no more than $87 million.

Salt Lake City sold the first $20-million installment of the bond in October 2019.

The first streets reconstruction projects funded by the bond began design in 2019 and began construction in 2020.

View the map of bond streets reconstruction projects for the next two years.

Bond Projects July 2020 Update

Updated August 2020