047 of 2005 - Adopting the final rate of tax levy upon all real & personal property for Fiscal Year 2005-2006 0 05-1
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SALT LAKE CITY ORDINANCE
No. 47 of 2005
(Adopting the final rate of tax levy upon all
real and personal property within Salt Lake City,
made taxable by law for fiscal year 2005-2006)
AN ORDINANCE ADOPTING THE FINAL RATE OF TAX LEVY UPON ALL
REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY MADE TAXABLE
BY LAW FOR FISCAL YEAR 2005-2006.
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.
On June 21, 2005, the City adopted Ordinance No. 41 of 2005, by which it
adopted the rate of tax levy for fiscal year 2005-2006. Pursuant to the City's request, the
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State Tax Commission extended the deadline to adopt the final rate of tax levy until
August 23, 2005.
On August 23, 2005, the City held a public hearing on the proposed rate of tax
levy, as required by law. The City now wishes to adopt a final rate of tax levy for fiscal
year 2005-2006.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a final tax
levy upon all real and personal property within Salt Lake City made taxable by law in the
year 2005 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: 2005-2006. The City Council hereby levies upon all
real and personal property within Salt Lake City made taxable by law in the year 2005, for
the fiscal year of Salt Lake City ending June 30, 2006, a tax of.005368 on each dollar of
taxable valuation of said property apportioned as follows:
(a) .003866 shall be credited as revenue in the general fund;
(b) .000869 shall be credited as revenue in the special library fund;
(c) .000007 shall be credited as revenue in the special library fund to be used for
repayment of court ordered judgments;
(d) .000622 shall be credited toward repayment of General Obligation Bonds.
(e) .000004 shall be credited toward repayment of General Obligation Bonds to
be used for repayment of court ordered judgments.
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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 he 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.
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 upon
publication.
Passed by the City Council of Salt Lake City, Utah, this 23rd day of
August , 2005.
l yipat/t,
CHAIRP RSON
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ATTEST:
CHIEF DEPUTY CIT O ER
Transmitted to the Mayor on August 23, 2005 •
Mayor's Action: Approved. Vetoed.
M OR
ATTEST:
1J A F Ai. ' . ,
1{[�"/^`�r`.�,. IEF DEPUTY CITY REC S RDER
'.• G'9. Batt LiIf(ki ..lf'Y ,l l"eUr'1Fsy ie:,
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Bill No. 47 of 2005.
Published: August 31 , 2005 •
I Ordinance 05`.Budget\Adopting tax levy 2005-July 29,2005 doc
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