057 of 2012 - Adopting the final rate of tax levy to be credited to the Library Fund for Fiscal Year 2012 -2013 0 12-1
H 12-3
SALT LAKE CITY ORDINANCE
No. 57 of 2012
(Adopting the final rate of tax levy to be credited
to the Library Fund for fiscal year 2012-2013)
An ordinance adopting the final rate of tax levy to be credited to the Library Fund
for fiscal year 2012-2013.
Be it ordained by the City Council of Salt Lake City:
PREAMBLE
Chapter 2, Title 59 of the Utah Code states that the governing body of each city
shall, by ordinance or resolution, adopt a proposed tax levy or, if the tax rate is not more
than the certified tax rate, a final tax levy on the real and personal property for various
municipal purposes. Chapter 2, Title 59, of the Utah Code provides for certain notice and
hearing requirements if the proposed tax rate exceeds the certified tax rate. In that event,
the proposed tax rate does not become final unless approved by resolution of the City
Council following such notice and public hearing. It is the intent of Salt Lake City to
comply with the mandate of the Utah Legislature, but reserve in itself the power to amend
the tax rates set herein to guarantee, after final appraisal figures have been determined,
that it does not exceed the amount required for its governmental operations and taxing
authority granted by the Legislature. Further, it is the intent of the City to levy an
additional tax, if necessary, to cover costs of State legislative mandates or judicial or
administrative orders under Chapter 2, Title 59 of the Utah Code.
On June 19, 2012, the City Council passed ordinance No. 37 of 2012, adopting a
rate of tax levy for the Library Fund. On August 14, 2012, the City Council held a truth
in taxation hearing on the proposed final rate of tax levy as required by law. The City
Council has now complied with all legal requirements to adopt a final rate of tax levy for
the Library Fund for fiscal year 2012-2013.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a final rate of
tax levy for the Library Fund, pursuant to Chapter 2, Title 59 of the Utah Code, upon all
real and personal property within Salt Lake City made taxable by law during fiscal year
2012-2013. The amount of this levy for the Library Fund is only a portion of the City's
total property tax levy. Although this ordinance is adopted separately, the amount of this
library fund levy will be included in the ordinance adopting the City's final total property
tax levy.
SECTION 2. FINAL LIBRARY FUND TAX LEVY: 2012-2013. The City
Council hereby adopts the following final library fiend levy, subject to Chapter 2, Title 59
of the Utah Code, upon all real and personal property within Salt Lake City made taxable
by law, for the fiscal year of Salt Lake City beginning July 1, 2012 and ending June 30,
2013, a tax of.000857 on each dollar of taxable valuation of said property apportioned as
follows:
a) .000846 shall be credited as revenue in the special library fund, generating
$13,316,705 of on-going revenue; and
b) .000011 shall be credited to the judgment levy for the library fund, a one-year
adjustment generating $173,082 of one-time revenue.
Said tax levy in this Section 2 shall be subject to Mayor approval and City Council
reconsideration pursuant to § 10-3b-204 of the Utah Code.
2
SECTION 3. CERTIFIED TO AUDITOR. The final tax levy hereinabove
determined and levied shall be certified by the City Recorder to the Auditor of Salt Lake
County, State of Utah, pursuant to the provisions of Chapter 2, Title 59 of the Utah Code.
SECTION 4. RESERVED POWER AND RIGHT TO AMEND. The City hereby
expressly reserves the power and right to amend any property tax levy made herein as it
may deem just, proper and appropriate under the law.
SECTION 5. EFFECTIVE DATE. This Ordinance shall be deemed effective on
July 1, 2012.
Passed by the City Council of Salt Lake City, Utah, this 14th day of
August , 2012.
CH ERSO
ATTEST:
4 ;//
CITY RECORDER
Transmitted to the Mayor on August 21, 2012
Mayor's Action: Approved. Vetoed.
1 �
MAY‘R
ATT
r/` C ;- :`, "'rl APPROVED AS TO FORM
I
C RECORDER _ )� ..��`.�: Salt ;Lake Cit Att ey's Office
a`- . "" Date
8
(SEAL) .
Bill No. 57 of 2012.
Published: 8-25-12
I-113_ATTY-#24796-v1-FY12-I 3_Adopting_the_Final_Rate_of Tax_Levy_to_be_Cred ited_to_the_Library_Fund.DOC
3