Thursday, 23 July 2009 19:55

Truth-in-Taxation Hearing

calculatorThe Canyons School District’s proposed budget for FY10 is approximately $200 million. It attempts to maintain academic programs and the salary schedule for educators and education support professionals.

The budget includes a proposed tax increase that would generate an additional $4.15 million in tax revenue. The impact on a $311,000 home would be an additional $46 annually, or a 3.8 percent increase over last year, on average.

Additional tax revenues are needed to fund the $3.8 million Canyons is required to give Jordan School District under a 2008 countywide capital equalization law.

Canyons School District has scheduled a Truth-in-Taxation hearing on Tuesday, Aug. 4, at 7 p.m. at Canyons District Offices, 9150 S. 500 West in Sandy.

The hearing is required for two reasons:

  1. As a new entity, the District’s tax rate is officially 0. The District under the law must set a tax rate. The proposed rate would constitute a tax increase.
  2. The Board of Education must adopt a formal budget for the 2009-2010 fiscal year.

For additional information, please contact the Office of Communications at (801) 501-1015 or This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

Read 1010 times