Why is the property tax increase needed to balance the Salt Lake City budget being placed 100% on the backs of homeowners?
Intermountain Healthcare pays no property taxes. A quick look shows their top executive salaries, as a nonprofit organization, range from $5 million a year (Marc Harrison, CEO) to over $1 million a year, each, for what looks like over twelve vice presidents.
Additionally, the LDS Church is one of the largest property owners in the city. Neither of these two entities pay property tax.
Perhaps we need to revisit our tax code and divide up the increase in a more equitable fashion instead of relying solely on the increasingly strained homeowner and renter.
K. Park, Salt Lake City
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