Draper's Community Reinvestment Agency on Tuesday, Aug. 18, formally adopted its 2026 Annual Report, a state-mandated disclosure covering the same fiscal year in which the city budgeted $15.3 million in tax-increment funds across five project areas to attract businesses and rebuild aging infrastructure.

The board, which includes Mayor Troy Walker and the five city council members, approved Resolution CRA #26-04 at the brief meeting. The annual report shows how Draper redirects property-tax revenue that would otherwise flow to other taxing entities, reinvesting it in designated corridors to boost property values and draw commercial tenants.

Where the money goes

The Frontrunner project area near the commuter rail station carries the largest single-district allocation at $4,745,800 for fiscal year 2026, according to the CRA's adopted budget. Most of that, $4.56 million, funds contracted development incentives and infrastructure deals.

Four other districts round out the $15.3 million total:

• South Mountain: $4,097,700, including $2.19 million in interfund transfers and $1.82 million in contracted agreements
• East Bangerter: $3,876,500, with $2.8 million in contracted agreements
• Sandhills: $1,635,800
• Crescent: $936,900, including $579,900 in interfund transfers

The budget draws $7.66 million from property-tax increment revenue and $923,000 in interest earnings, with the remainder coming from fund-balance reserves.

$4.85 million in capital projects

Seven named road and intersection projects account for $4,855,000 in capital spending across the districts. The two largest are a $2 million intersection improvement at Highland Drive and 14600 South in South Mountain and a $1.4 million reconstruction of 1300 East and Draper Parkway in Sandhills. A $1 million upgrade at 13800 South and Bangerter Highway rounds out the top three.

Smaller projects include a $165,000 traffic signal at 12150 South State Street in the Crescent area and $90,000 in signal updates at 1000 East and Draper Parkway.

What's next

Finance director John Vuyk's tentative FY2027 budget, prepared in May, projects CRA spending will drop to $12.77 million next year, with $3.47 million earmarked for public infrastructure. The full text of the adopted 2026 Annual Report has not yet been posted publicly.