063 of 2008 - Final rate of tax levy upon all real & personal property for FY 2008-2009 0 08-1
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SALT LAKE CITY ORDINANCE
No. 63 of 2008
(Adopting the final rate of tax levy upon all
real and personal property within Salt Lake City,
made taxable by law for fiscal year 2008-2009)
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 2008-2009.
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. 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 Ann.
On June 17, 2008 the City Council adopted ordinance No. 32 of 2008, by which it
adopted a proposed rate of tax levy for fiscal year 2008-2009. On August 12, 2008, the
City Council held a public hearing on the proposed rate of tax levy, as required by law.
The City Council now wishes to adopt a final rate of tax levy for fiscal year 008-2009.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a final tax
levy, subject to Chapter 2, Title 59 of the Utah Code Annotated, upon all real and
personal property within Salt Lake City made taxable by law during fiscal year 2008-2009
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: 2008-2009. The City Council hereby adopts the
following levy, subject to Chapter 2 Title 59 of the Utah Code Annotated, 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, 2008 and ending June 30, 2009, a tax of.003917 on each
dollar of taxable valuation of said property apportioned as follows:
(a) .002869 shall be credited as revenue in the general fund;
(b) .000618 shall be credited as revenue in the special library fund; and
(c) .000430 shall be credited toward repayment of General Obligation Bonds.
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.
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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 Ann.
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
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 become effective on the
date of its first publication.
Passed by the City Council of Salt Lake City, Utah, this 12 day of
August , 2008.
CHAIRPERSON
ATTEST:
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CI RE ORDER
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Transmitted to the Mayor on 8-12-08 �.•
Mayor's Action: ''( Approved. Vetoed.
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APPROVED AS TO FORM Salt Lae City Attorney's Office MAY 0 R
Date 7" o
By
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ATTEST:
CITY RE ORDER
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(SEAL)
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Bill No. 63 of 2008. ATS
Published: 8-23-08 .
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