Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual fund assets surge as households shift to capital markets: Bajaj MF | Capital Market News
    • Pune IT worker builds Rs 9 crore without ‘best’ mutual funds, targets Rs 25 crore by 40 – Money News
    • RXIL weighs insurers, mutual funds to deepen MSME financing
    • India Post Payments Bank launches mutual fund, insurance platforms: Check what customers can access
    • BCP Premium Bonds £100k winner revealed for September 2026
    • 88 stocks, 57.9% active share: How Edelweiss Large & Mid Cap Fund is positioning for the next market cycle
    • Bond market sell-off calms as oil price drops, and Burnham pledges ‘fiscal responsibility’ – as it happened | Business
    • Bond market sell-off calms as oil price drops, and Burnham pledges ‘fiscal responsibility’ – business live | Business
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»What to know about Salt Lake County’s $500 million public safety bond
    Bonds

    What to know about Salt Lake County’s $500 million public safety bond

    October 26, 2024


    There’s a half-billion-dollar public safety bond on Salt Lake County ballots this November. While it’s a big chunk of change, county leaders say it’ll protect the community and save money in the long run.

    Despite the bipartisan support, critics don’t buy it.

    If the bond fails, Salt Lake County Mayor Jenny Wilson said the county will need to head back to the drawing board and another option is likely to be more expensive.

    “We really need this investment. We’re hoping the public understands that we know conservatives and liberals alike and everyone in between recognizes that we need more investment in our county system,” she said.

    What would the bond do?

    The main project the bond supports is the construction of the Justice and Accountability Center, a lower security facility housed in the same complex as the Salt Lake County Metro Jail. Mayor Wilson envisions the center as a place for people who have committed “minor offenses and are nonviolent,” which includes many of the county’s unhoused population.

    “This is a center that will allow for wraparound services, some housing support, mental health services and will allow people, frankly, who need to be held accountable because there are actions that are breaking the law and they need a safe place to be,” Wilson said.

    Other goals of the center include job training and substance abuse treatment.

    The county also hasn’t added a single jail bed since 2001, despite significant population growth. Part of the bond would add more than 800 new jail beds, with some reserved strictly for mental health needs. It would also pay for maintenance and facility improvements while closing the nearby Oxbow Jail, which is operated out of necessity.

    What are the costs?

    If approved by voters, the average household would pay an additional $68.94 a year in property taxes. Businesses would pay $107.61 a year over a 25-year period. Wilson and supportive county council members say the bond is the most cost effective way to address the criminal justice issues they’ve outlined.

    “The problem if we don’t spend the money now is we will pay for it later, both in terms of aging infrastructure and the recidivism that occurs by not addressing the problem,” Wilson said at an Oct. 25 press conference in support of the bond.

    Who is in support?

    In a bipartisan 8-1 vote, the Salt Lake County Council sent the bond to residents. Republican Gov. Spencer Cox called it a “critical investment” to address “the complex challenges of public safety, homelessness, mental and behavioral health and housing.”

    While elected officials are highlighting the services provided by the Justice and Accountability Center, the bond in front of voters simply pays for the construction. It doesn’t pay for services.

    Wilson said the center “will be largely reliant on Medicaid dollars for the operations of that facility.”

    Democratic Salt Lake County Sheriff Rosie Rivera said the bond is about the future of the county. She said the jail books more than 30,000 people a year and many are repeat offenders. The bond targets the population “that needs help with housing, help with finding jobs.”

    “We need another solution and this is our alternative to help people become successful and never have to come back to our jail again,” Rivera said.
    Jessica Thesing, deputy director of the Downtown Alliance, is also in support of the bond on behalf of businesses in downtown Salt Lake City. A top priority for business owners downtown, she said, is the “safety of employees, customers and visitors,” which she believes the bond provides.

    “The bond comes with a modest cost, around $9 a month for the average business. Its long term benefits far outweigh the investment,” Thesing said. “In addition to helping people in need, these initiatives also support social stability and minimize business disruptions caused by crime and trespassing.”

    What do critics say?

    At first glance of his ballot, Josh Kivlovitz, a volunteer with the Salt Lake Community Bail Fund, thought the bond looked appealing. The money for increased mental health services, substance abuse treatment and the center sounded “too good to be true.”

    “It turns sour when you realize that this Justice and Accountability Center is just another name for a jail,” he said. “It’s still a secure facility that people are being arrested and jailed in and don’t have the ability to come and go.”

    To Kivlovitz, the bond could be better spent on the promised future services “outside of a secure facility where people aren’t having to be arrested and jailed in order to access it.”

    When KUER asked Wilson if the center was another jail and if people seeking services could opt-in without arrest, she said the county is “working through the operational plan around that.”

    “As we open up the facility, we’ll be looking at the population that is committing nuisance crimes,” the mayor said. “That’s the targeted population.”

    Kivlovitz believes those “nuisance crimes,” like riding TRAX without a ticket or sleeping in a public place, could be dealt with outside of the criminal justice system instead of using the center to “incarcerate people that are committing these crimes of poverty.”

    “We’re spending money to create space to remove people who are experiencing homelessness and poverty off of the street, but we’re not actually addressing the reasons that they’re in poverty in the first place,” he said. “Instead, we’re just building a big facility that is likely not actually going to help address [the] deficit of resources in our community.”

    Wilson’s Republican opponent in the election, Erin Rider, is also against the bond. She believes residents will be asked to foot more of the bill in the future, especially once construction is complete.

    “There are likely going to be additional taxes necessary to support the actual operation of this facility because this bond only covers the infrastructure development itself. It doesn’t cover the operational side,” Rider said during the Oct. 2 county mayoral debate.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    BCP Premium Bonds £100k winner revealed for September 2026

    September 2, 2026

    UK 10-year borrowing costs hit fresh highs as bond market sell-off continues – business live | Business

    September 1, 2026

    Bond market sell-off calms as oil price drops, and Burnham pledges ‘fiscal responsibility’ – business live | Business

    September 1, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Bond market sell-off calms as oil price drops, and Burnham pledges ‘fiscal responsibility’ – as it happened | Business

    September 1, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Mutual fund assets surge as households shift to capital markets: Bajaj MF | Capital Market News

    September 2, 2026

    2 min read Last Updated : Sep 02 2026 | 7:15 PM ISTIndian households’ capital…

    Pune IT worker builds Rs 9 crore without ‘best’ mutual funds, targets Rs 25 crore by 40 – Money News

    September 2, 2026

    RXIL weighs insurers, mutual funds to deepen MSME financing

    September 2, 2026

    India Post Payments Bank launches mutual fund, insurance platforms: Check what customers can access

    September 2, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Understanding monthly investments in mutual funds: A beginner’s guide

    March 11, 2026

    Union Mutual Fund to launch tax-efficient Fund of Fund

    August 13, 2025

    ‘Biggest bottleneck in the AI buildup’ fuels DRAM ETF to record

    May 15, 2026
    Our Picks

    Mutual fund assets surge as households shift to capital markets: Bajaj MF | Capital Market News

    September 2, 2026

    Pune IT worker builds Rs 9 crore without ‘best’ mutual funds, targets Rs 25 crore by 40 – Money News

    September 2, 2026

    RXIL weighs insurers, mutual funds to deepen MSME financing

    September 2, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.