Auditing North Salt Lake
The Ledger's review of North Salt Lake'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 North Salt Lake: what the city's audit and budget show
North Salt Lake's audit for fiscal 2025 reports an unmodified opinion with no findings. The city reported $24.9 million in long-term debt at June 30, 2025. On June 16, 2026, the council adopted a fiscal 2027 budget that plans to use $107,400 of General Fund balance. This series follows the records behind those numbers.
Read the explainer →Key figures
- $24.9 millionLong-term debt outstanding, June 30, 2025 (audited)Auditing North Salt Lake: what the city's audit and budget show →
- $37.1 millionFY2027 total budgeted expenses, excluding RDA fundsAuditing North Salt Lake: what the city's audit and budget show →
- $2.9 millionGolf fund payable to capital projects fund for FY1994–2020 subsidiesNorth Salt Lake's golf fund owes $2.9 million in past subsidies, with no repayment schedule yet →
- $15.1 millionHatch Park bond principal outstanding, June 30, 2025Hatch Park bonds: $15.1 million owed through 2047, with redevelopment money helping pay →
- 7.9%Increase in first-tier residential water usage rate, vs. 6% in staff memoNorth Salt Lake's 2026 water rates: base charges up 6%, usage tiers up about 8% →
- $1.3 millionNew property tax revenue proposed by South Davis Metro Fire Service AreaNorth Salt Lake adopts a lower certified tax rate as the fire district proposes a higher one →
Debt and bonds
Hatch Park bonds: $15.1 million owed through 2047, with redevelopment money helping pay
North Salt Lake borrowed $16,692,000 in 2022 to expand Hatch Park. The city still owed $15,117,000 of that principal in mid-2025, with payments of about $1.14 million a year through 2047. Redevelopment-area transfers help cover the payments, and most of the bond money was budgeted to move into park construction in fiscal 2026.
Budgets, reserves and taxes
North Salt Lake adopts a lower certified tax rate as the fire district proposes a higher one
North Salt Lake's council adopted a certified property tax rate of 0.000805 for the coming year, which is expected to bring in $3,139,460. At the same meeting, the city manager briefed the council on a South Davis Metro Fire Service Area proposal to raise its own rate from 0.000519 to 0.000603. The fire district is a separate government.
North Salt Lake's 2026 water rates: base charges up 6%, usage tiers up about 8%
On June 16, 2026, the North Salt Lake council approved higher water and storm water rates, effective July 1, 2026. The staff memo described a 6% increase in both base charges and tiered water usage rates. The base charges in the packet's fee schedule do rise 6%. The listed usage rates rise between about 7.7% and 8.3%.
Subsidies
North Salt Lake's golf fund owes $2.9 million in past subsidies, with no repayment schedule yet
North Salt Lake's fiscal 2025 audit records $2,921,931 owed by the Eaglewood golf fund to the city's capital projects fund for subsidies from fiscal 1994 through 2020. The city says it expects to set a repayment schedule in a future year. The golf fund reported an operating gain for fiscal 2025, and the audit says about $160,000 of it is a receivable from a tubing operator.
Contracts and spending
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