046 of 2014 - Establishing the final rate of tax levy upon all real and personal property within Salt Lake City fo 0 14-1
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SALT LAKE CITY ORDINANCE
No. 46 of 2014
(Adopting the final rate of tax levy to be credited
to the Library Fund for fiscal year 2014-2015)
An ordinance adopting the final 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, 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 final 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. FINAL LIBRARY FUND TAX LEVY: 2014-2015. The City Council
hereby adopts the following final 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.005672
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 immediately
upon the date of its first publication.
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Passed by the City Council of Salt Lake • Utah, ,his 12th day of
August , 2014.
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CH IRPER.1 I
ATTEST:
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-CITY RECORDER
Transmitted to the Mayor on August 12, 2014 .
Mayor's Action: )( Approved. Vetoed.
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Bill No. 46 of 2014. \r -"oxptS By �`�
Published: August 20, 2014
HB_ATTY-#40332-v1-FYI4-I 5_Adopting_the_FINAL_Rate_of Tax_Levy_to_be_Cred ited_to_Library_Fund.DOC
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