025 of 2007 - adopting the rate of tax levy for fiscal year 2007-2008 0 07-1
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SALT LAKE CITY ORDINANCE
No. 25 of 2007
(Adopting the rate of tax levy upon all
real and personal property within Salt Lake City,
made taxable by law for fiscal year 2007-2008)
AN ORDINANCE ADOPTING THE RATE OF TAX LEVY UPON ALL REAL
AND PERSONAL PROPERTY WITHIN SALT LAKE CITY MADE TAXABLE BY
LAW FOR FISCAL YEAR 2007-2008.
Be it ordained by the City Council of Salt Lake City:
PREAMBLE
Chapter 2, Title 59 of the Utah Code Ann. 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 Ann. provides for
certain notice and hearing requirements if the proposed tax rate exceeds the certified tax
rate. 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
Ann.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a tax levy
upon all real and personal property within Salt Lake City made taxable by law during
fiscal year 2007-2008 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 Ann.
SECTION 2. TAX LEVY: 2007-2008. The City Council hereby levies 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, 2007 and ending June 30, 2008, a tax of.00404 on
each dollar of taxable valuation of said property apportioned as follows:
(a) .002925 shall be credited as revenue in the general fund;
(b) .000657 shall be credited as revenue in the special library fund; and
(c) .000458 shall be credited toward repayment of General Obligation Bonds.
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
Ann. 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 Mayor approval and City
Council reconsideration pursuant to § 10-3-1214 of the Utah Code Ann.
SECTION 3. CERTIFIED TO AUDITOR. The tax levies 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
Ann.
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SECTION 4. RESERVE 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, 2007.
Passed by the City Council of Salt Lake City, Utah 's 12th day of
June , 2007.
CHA ERSON
ATTEST:
CHIEF DEPUTY CITY RECO ER
Transmitted to the Mayor on June 18, 2007 •
Mayor's Action: 1(Approved. Vetoed.
YOR
APPROVED AS TO FORM
Salt Lake City Attorney's Office
BY
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ATTEST:
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*V_IEF DEPUTY ,..P.Y ' r C I RDER
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Bill No. 25 of 2007.
Published: July 1, 2007 .
I\Ordinance 07\Budget\Adopting tax levy 2007 doc
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