044 of 2014 - Amending rate of tax levy to be credited to the Library Fund for fiscal year 2014-2015 0 14-1
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SALT LAKE CITY ORDINANCE
No. 44 of 2014
(Amending the rate of tax levy to be credited
to the Library Fund for fiscal year 2014-2015)
An ordinance amending the rate of tax levy to be credited to the Library Fund for fiscal
year 2014-2015.
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, amend 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 amend a 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 2014-2015. 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 total property tax levy.
SECTION 2. LIBRARY FUND TAX LEVY: 2014-2015. The City Council hereby
amends the following library fund 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, 2014 and ending June 30, 2015, a tax of.005676 on each dollar of
taxable valuation of said property apportioned as follows:
a) .000782 shall be credited as revenue in the special library fund, generating
$13,527,448 of on-going revenue; and
b) .000005 shall be credited to the judgment levy for the library fund, a one-year
adjustment generating $86,493 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.
SECTION 3. CERTIFIED TO AUDITOR. The 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 become effective on July 1,
2014.
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Passed by the City Council of Salt Lake 'iff,-Utah, this 24th day of
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June , 2014.
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Transmitted to the Mayor on June 24, 20 4.4. .
Mayor's Action: 2( Approved. Vetoed.
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Bill No. 44 of 2014.
Published: July 1, 2014 .
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