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053 of 2022 - Budget Adoption of Salt Lake City Excluding the Library for FY 2022-231 SALT LAKE CITY ORDINANCE No. 53 of 2022 (Adopting the City’s final rates of tax levy, including the final levy for the Library Fund, upon all real and personal property within Salt Lake City, made taxable by law for fiscal year 2022- 2023) 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. It is the intent of Salt Lake City to adopt the following: A. A final tax rate for the City’s general fund that will generate $97,582,022, which the City acknowledges required a truth in taxation hearing. B. A final tax rate for the Salt Lake City Library fund that will generate $24,240,526, which the City acknowledges required a truth in taxation hearing. C. A final tax rate for the City’s judgment levy, that will generate $526,937, which the City acknowledges required a truth in taxation hearing. D. A final tax rate for the Salt Lake City Library’s judgment levy, that will generate $100,288, which the City acknowledges required a truth in taxation hearing. 2 E. A final tax rate for the City to levy an additional tax pursuant to Utah Code 63G-7-704 for the City’s governmental immunity fund from which appropriate payments for defense costs, claims, settlements, and judgments may be made, that will raise $3,775,947. F. A final tax rate for the City to levy an additional tax in order to issue general obligation bonds, which will raise $17,368,652. Finally, 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. The City held a truth in taxation public hearing in accordance with Utah law on August 16, 2022, and on August 29, 2022. SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a final tax levies for the City, which includes the amount of the final library fund tax levy previously adopted, 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 2022-2023 to defray the necessary and proper expenses of Salt Lake City to maintain the government thereof and for operating and maintaining its libraries and reading rooms and to pay for costs of State legislative mandates or judicial or administrative orders under Chapter 2, Title 59 of the Utah Code. SECTION 2. FINAL TAX LEVIES: 2022-2023. The City Council hereby adopts the following final tax levies pursuant to Utah law, 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, 2022, and ending June 30, 2023, as follows: 3 a) A tax levy for the City’s general fund, at a rate of 0.002584, generating $97,582,022 of revenue; and b) A tax levy for the City’s judgment levy, at a rate of 0.000014, generating $526,937 of revenue; and c) A tax levy for the City’s governmental immunity fund, at a rate of 0.000100, generating $3,775,947 of revenue; and d) A tax levy for the City’s issuance of general obligation bonds, at a rate of 0.000460, generating $17,368,652 of revenue; and e) A tax levy for the Salt Lake City Library’s general operations, at a rate of 0.000615, generating $24,240,526 of revenue; and f) A tax levy for the Salt Lake City Library’s judgment levy, at a rate of 0.000003 generating $100,288 of revenue. The City Council hereby further levies a tax to cover the costs of State legislative mandates or judicial or administrative orders under Chapter 2, Title 59 of the Utah Code as determined by the Utah State Tax Commission and the Salt Lake County Auditor’s Office. Said tax levies in this Section 2 shall be subject to the Mayor’s approval and City Council reconsideration pursuant to § 10-3b-204 of the Utah Code. SECTION 3. CERTIFIED TO AUDITOR. The tax levies described and levied herein 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. 4 SECTION 5. EFFECTIVE DATE. This Ordinance shall become effective as of publication, with such tax rates becoming effective as of July 1, 2022. Passed by the City Council of Salt Lake City, Utah, this 29th day of August, 2022. ______________________________________ Dan Dugan, Council Chair ATTEST: ______________________________ CITY RECORDER Transmitted to the Mayor on __________________________. Mayor’s Action: _____Approved. _____Vetoed. ______________________________ MAYOR ATTEST: ____________________________ CITY RECORDER (SEAL) Bill No. 53 of 2022. Published: ____________________. Salt Lake City Attorney’s Office Approved As To Form _________________________ Katherine Lewis, City Attorney Katherine Lewis (Aug 29, 2022 18:47 MDT) Dan Dugan (Aug 29, 2022 18:50 MDT) Dan Dugan Aug 29, 2022 Erin Mendenhall (Aug 29, 2022 21:08 MDT) 4 August 30, 2022 Ordinance 53 of 2022 - Truth In Taxation Final Audit Report 2022-08-30 Created:2022-08-30 By:DeeDee Robinson (deedee.robinson@slcgov.com) Status:Signed Transaction ID:CBJCHBCAABAAv1FBFf9R_EE9S9vIWLRmzg2msgT9GSa3 "Ordinance 53 of 2022 - Truth In Taxation" History Document created by DeeDee Robinson (deedee.robinson@slcgov.com) 2022-08-30 - 0:24:21 AM GMT Document emailed to Katherine Lewis (katherine.lewis@slcgov.com) for signature 2022-08-30 - 0:26:36 AM GMT Email viewed by Katherine Lewis (katherine.lewis@slcgov.com) 2022-08-30 - 0:47:09 AM GMT Document e-signed by Katherine Lewis (katherine.lewis@slcgov.com) Signature Date: 2022-08-30 - 0:47:20 AM GMT - Time Source: server Document emailed to daniel.dugan@slcgov.com for signature 2022-08-30 - 0:47:22 AM GMT Email viewed by daniel.dugan@slcgov.com 2022-08-30 - 0:49:38 AM GMT Signer daniel.dugan@slcgov.com entered name at signing as Dan Dugan 2022-08-30 - 0:49:59 AM GMT Document e-signed by Dan Dugan (daniel.dugan@slcgov.com) Signature Date: 2022-08-30 - 0:50:00 AM GMT - Time Source: server Document emailed to Erin Mendenhall (erin.mendenhall@slcgov.com) for signature 2022-08-30 - 0:50:02 AM GMT Email viewed by Erin Mendenhall (erin.mendenhall@slcgov.com) 2022-08-30 - 3:08:03 AM GMT Document e-signed by Erin Mendenhall (erin.mendenhall@slcgov.com) Signature Date: 2022-08-30 - 3:08:14 AM GMT - Time Source: server Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature 2022-08-30 - 3:08:16 AM GMT Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com) E-signature obtained using URL retrieved through the Adobe Acrobat Sign API Signature Date: 2022-08-30 - 4:24:17 AM GMT - Time Source: server Agreement completed. 2022-08-30 - 4:24:17 AM GMT