032 of 2016 - Adopting the rate of lax levy, including the levy for the Library Fund upon all real and personal pr 0 16-1
B 16-1
B 16-2
SALT LAKE CITY ORDINANCE
No. 32 of 2016
(Adopting the rate of tax levy,including the levy for the
Library Fund,upon all real and personal property within
Salt Lake City,made taxable by law for fiscal year 2016-2017)
An ordinance adopting the rate of tax levy,including the levy for the Library Fund,upon
all real and personal property within Salt Lake City made taxable by law for fiscal year 2016-
2017.
Be it ordained by the City Council of Salt Lake City
PREAMBLE
Chapter 2.Title 59 of the Utah Codc 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.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a tax levy,which
includes the amount of the 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 2016-2017 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. TAX LEVY: 2016-2017. The City Council hereby adopts the following
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 1,2016
and ending June 30,2017,a tax of.005263 on each dollar of taxable valuation of said property
apportioned as follows:
a) .003617 shall be credited as revenue in the general fund,generating$73,389,998 of
ongoing revenue;and
b) .000031 shall be credited to the judgment levy for the general fund,a one-year
adjustment generating$628,999 of one-time revenue;and
c) .000700 shall be credited as revenue in the special library fund,generating
$14,312,763 of on-going revenue;and
d) .000910 shall be credited toward repayment of General Obligation Bonds,generating
$18,464,169 of on-going revenue;and
e) .000005 shall be credited to the judgment levy for the library fund,a one-year
adjustment generating$101,451 of one-time 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.
2
Said tax levies in this Section 2 shall be subject to Mayor approval and City Council
reconsideration pursuant to§10-3b-204 of the Utah Code.
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.
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 become effective on July 1,
2016.
Passed by the City Council of Salt Lake City,Utah,this 14th day of
June ,2016.
C A ERSON
VICE
ATTEST:
ifL.' ,-,-7 i•e
CITY RECORDER
Transmitted to the Mayor on ,lung 17, 2016 •
Mayor's Action: Pc Approved. Vetoed.
M' Ali
YO
3
ATTEST: Salt Lake City Attorney's Office
Approved s T Form
Date: 64G'k B
c�� , y Rusty Vetter'ITY RECORDER ,� � YG�, ty
s,
(SEAL) t
Bill No. 12 of 2016. �w...,
Published: JulY 1, 2016 •
HB_ATTY-It52445-v2-FY17_Adopting Global_Tax Levy on Real and Personal Property Including Library Fund.DOC
4