Salt Lake Times | 1961-12-29 | Page 1 | City Board Amends Sales Tax Ruling to Balance Budget

City Board Amends Sales Tax Ruling To Balance Budget An amended ordinance approved ap-proved Wednesday by the Salt Lake City Commission provides a minimum of $400,000 must be placed in the capital improvements improve-ments fund from the sales tax. The amended ordinance provides pro-vides that during the short fiscal year from Jan. 1 to June 30 1962, $400,000 of the estimated $870,000 in city sales taxes be put into the capital improvements improve-ments fund. It provides for use of $470,000 for general operations. opera-tions. The original ordinance provided that two-thirds of the sales tax be set aside for capital improvements purposes. Revision will enable the commission com-mission to balance a proposed 1962 half-year budget totaling $6,879,375 for governmental operations, op-erations, including $1,174,722.00 for the separate water department depart-ment utility budget.