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New school district proposes property tax hike

(Salt Lake Tribune) New information on property values and growing budget gaps at the state level has the Canyons School District rethinking its pledge of no new taxes.

Officials now propose hiking property taxes 3.8 percent, about $46 annually on a $311,000 home.

The increase will net about $4 million, enough to the preserve the district's original $198 million spending plan plus another $2 million in expenses.

"We have to raise enough money to pay our bills," said Canyons spokeswoman Jennifer Toomer-Cook.

A "truth-in-taxation" hearing will be held at 7 p.m. on Aug. 4 at the district headquarters in Sandy (9150 S. 500 West).

Public notices which advertise a whopping 100 percent tax increase are misleading. Because Canyons is a new taxing entity, it has no tax rate, so any increase is considered to be 100 percent.

Original Article