Utah law redistributes school construction funds in Salt Lake County
Mar 18, 2008 12:33 PM
Utah Gov. Jon Huntsman Jr. has signed into law a bill that aims to spread funding for school construction--and the property tax burden of paying for school construction--around Salt Lake County. All Salt Lake County districts will have to pool part of their property tax revenue, which then will be redistributed based on enrollment and enrollment growth. The district formed from Jordan School District's west side stands to gain $12 million, but Murray, Salt Lake City, Jordan-east and Granite school districts will lose millions and likely have to raise their property taxes to make up the difference. The idea is to better equalize school construction funding and property taxes throughout the county, especially in light of voters' decision to split the Jordan School District. The law also will distribute an additional $15 million in income tax revenue to school districts statewide in an attempt to help them pay for school construction.
Click here to read The Salt Lake Tribune article.
