032 of 2003 - Rate of tax levy for FY 2003-2004 0 03-1
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SALT LAKE CITY ORDINANCE
No. 32 of 2003
(Adopting the proposed rate of tax levy upon all
real and personal property within Salt Lake City,
made taxable by law for fiscal year 2003-2004)
AN ORDINANCE ADOPTING THE PROPOSED RATE OF TAX LEVY UPON
ALL REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY MADE
TAXABLE BY LAW FOR FISCAL YEAR 2003-2004.
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 proposed
tax levy upon all real and personal property within Salt Lake City made taxable by law in
the year 2003 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: 2003-2004. The City Council hereby proposes to
levy upon all real and personal property within Salt Lake City made taxable by law in the
year 2003, for the fiscal year of Salt Lake City ending June 30, 2004, a tax of.005458 on
each dollar of taxable valuation of said property apportioned as follows:
(a) .004024 shall be credited as revenue in the general fund;
(b) .000055 shall be credited as revenue in the general fund to be used for
repayment of court ordered judgments;
(c) .000777 shall be credited as revenue in the special library fund;
(d) .000009 shall be credited as revenue in the special library fund to be used
for repayment of court ordered judgments;
(e) .000585 shall be credited toward repayment of the Block 37 General
Obligation Bonds for the construction of a new City library building and other
improvements; and
(f) .000008 shall be credited toward the repayment of the Block 37 General
Obligation Bonds to be used for repayment of court ordered judgments.
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. Prior to
adopting a final tax levy, the City will hold a public hearing as required by Utah state law.
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SECTION 3. CERTIFIED TO AUDITOR. The proposed tax levies hereinabove
determined and levied shall be certified by the City Recorder to the Auditor of Salt Lake
County, State of Utah by the 25th day of June 2003 pursuant to the provisions of Chapter
2, Title 59 of the Utah Code Ann., as extended by the Utah State Tax Commission. The
final tax levies shall be certified before the 17th day of August 2003.
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 take effect on July 1,
2003.
Passed by the City Council of Salt Lake City, Utah, this 2 t ' day of
TU e , 2001
AIRPER
ATTEST:
CH F DEPUTY Y CORDER
Transmitted to the Mayor on June 27, 2003 •
Mayor's Action: Approved. Vetoed.
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Published: July 9, 2003 •
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City/Town Form PT-250-CT
Tax Rate Summary
Report 693
City/Town: SALT LAKE CITY(TOTAL)
County: Salt Lake Tax Year: 2003
The Board of Trustees for the above city or town has set the current year's tax rates as follows:
Purpose of Tax Rate Certified Proposed Maximum Budgeted
Utah Code Annotated,as Amended Tax Rate Tax Rate By Law Revenue
GENERAL PURPOSES 0.004024 0.004024 _ 0.007000 47,798,501
10-6-133/10-5-112 0.000055 653,309
GENERAL PURPOSES JUDGEMENT
WATER,LIGHT,POWER,SEWAGE,
WATER PURIFICATION 0.000800
10-7-14.2 0.000585 6,948,837
INTEREST&SINKING FUND Sufficient
0.000008 95,026
INTEREST&SINKING FUND JUDGEMENT
HOSPITALS 0.001000
(TOWNS&3RD CLASS CITIES)
10-8-91
TORT LIABILITY 0.000100
(UNDER GOVERNMENT IMMUNITY ACT)
63-30-27
TORT LIABILITY JUDGEMENT
RECREATION Sufficient
11-2-7
SPECIAL IMPR GUARANTY 0.000200
17A-3-334
LIBRARY 0.000777 0.000777 0.001000 9,229,482
9-7-401 0.000009 106,905
LIBRARY JUDGEMENT
JUDGEMENT RECOVERY Sufficient
59-2-1328&1330
OTHER:
(SPECIFY PURPOSE AND STATUTE)
0.005458 TOTAL 64,832,060
TOTAL TAX RATE REVENUE
Certification by Taxing Entity
Rocky J. Fluhart ,as authorized agent,hereby certify that this statement is true and correct
and In compliance with all sections of the Utah State ode rel i g to the rate setting process.
Signature: Date: June 25,2003
Title: Chief Administrative Officer Telephone: 8.01-535-6426 _
Mailing Address: 451 So. State Street, SLC, Utah 84111
Certification by County Auditor
I have examined the information submitted on this statement and have found it to be true and correct.
Signature: _ Date: