Public Invited to Information Session Regarding Salt Lake City Municipal TaxationSession will Also Answer Questions about Upcoming Truth in Taxation Hearing 

Salt Lake City – Salt Lake City Corporation is seeking to educate and inform residents of Salt Lake about City financing and what services they fund.  To accomplish this, City administrators are hosting an information session on Thursday, August 7, 2008 at 7:00 p.m. in the City & County Building. Members of the City’s budget team will be on hand to present and answer questions on the topic.

The objective of the session is to address municipal government and taxation issues proposed in the FY 2009 budget. As was widely reported, this year, Salt Lake City faced the largest budget gap in City history. Salt Lake City budget planners made the decision to receive the same amount of property taxes for Fiscal Year 2009 as it did in Fiscal Year 2008, which was greater than originally projected.

The information session, which will explain that decision in greater detail, precedes a Truth in Taxation hearing scheduled for August 12. The hearing is required by Utah law when a taxing entity proposes to collect more revenue than was budgeted for the previous year.

WHO:        Salt Lake City Budget Administrators 

WHAT:      Municipal Taxation Information Session

WHERE:   Salt Lake City & County Building

                          451 South State Street, Council Office Work Room

WHEN:  Thursday, August 7, 2008 7:00 p.m.

The public information session was rescheduled from Thursday, July 31 to Thursday, August 7, 2008 and will be held at the City & County Building rather than the Main City Library.