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075 of 1991 - Amending Rate of Tax Levy for Library Fund0 91-1 B 91-2 SALT LAKE CITY ORDINANCE No. 75 of 1991 (Amending the rate of tax levy for the Library Fund adopted on June 5, 1991 as a result of a reduction by the State Tax Commission of the Assessment Roll) AN ORDINANCE AMENDING SALT LAKE CITY ORDINANCE NO. 49 OF 1991 ADOPTING AN ADJUSTED RATE OF TAX LEVY UPON ALL REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY, UTAH MADE TAXABLE BY LAW FOR THE FISCAL YEAR COMMENCING JULY 1, 1991 AND ENDING JUNE 30, 1992. PREAMBLE On June 5, 1991, the City Council enacted Salt Lake City Ordinance No. 49 of 1991 which adopted separate tax levies as revenue in both the general and library funds for fiscal year 1991-92, equal to the certified tax rates submitted by the County Auditor. At the time the City Council adopted Salt Lake City Ordinance No. 49 of 1991, the County Auditor had provided to the City a statement of the valuation of property in the City as fixed and apportioned by the State Tax Commission. Knowing the certified tax rate is .000867 for the library fund, the City Council adopted its budget for the library fund based upon the projected revenues that would result from the certified tax rate and did not levy taxes for the library fund in excess of the certified tax rate. The assessment roll is prepared by the County Auditor and the State Tax Commission. On September 20, 1991, the State Tax Commission notified the City that due to errors in the allocation of assessed values, the assessment roll is less than the amount the County Auditor originally presented to the City. The reduction of the assessment roll by the State Tax Commission will result in a shortfall to the library fund if the tax levy adopted for the library fund on June 5, 1991 by the City Council is not adjusted. Section 59-2-921 of the Utah Code Annotated provides that an increase in a taxing entity's tax rate above the certified tax rate or that adopted by resolution of the governing body of the taxing entity, which is required solely by a reduction of the assessment roll by the State Tax Commission, County Board of Equalization or a Court of competent jurisdiction, may be adopted without further notice. Accordingly, as a result of the reduction in the assessment roll by the State Tax Commission, the City Council has determined that it is necessary to increase the tax rate for the library fund above the certified tax rate, which rate may be adopted without further notice as provided by Utah law. Be it ordained by the City Council of Salt Lake City, Utah: SECTION 1. PURPOSE. The purpose of this ordinance is to adjust the tax levy adopted by the City Council for the library fund on June 5, 1991 in Salt Lake City Ordinance No. 49 of 1991. The adjustment needs to be made as a result of an error in the allocation of assessed values, by the State Tax Commission and the County Auditor, resulting in a reduction of the assessment roll by the State Tax Commission. SECTION 2. AMENDMENT TO SALT LAKE CITY ORDINANCE NO. 49 OF 1991. Salt Lake City Ordinance No. 49 of 1991 shall be and is 2 hereby amended as follows: Section 2. For purposes of defraying the necessary and proper expenses of the City to maintain the government thereof and; for operating and maintaining its libraries and reading rooms, the City Council hereby levies upon all real and personal property within Salt Lake City, Utah made taxable by law in the year 1991, for fiscal year of Salt Lake City Corporation ending June 30, 1992, a separate tax levy, as revenue in the general fund equal to the certified tax rate submitted by the County Auditor and a separate tax rate on each dollar of taxable valuation of said property as determined by the Utah State Tax Commission for the library fund equal to .000879. Said tax levies shall be subject to Mayor approval and City Council reconsideration pursuant to Section 1214, Chapter 3, Title 10, of the Utah Code Annotated. SECTION 3. The proposed tax levy for the general fund does not exceed the certified tax rate and, therefore, the City is not required to publish notice or hold a public hearing pursuant to Chapter 2, Title 59, of the Utah Code Annotated. SECTION 4. The increase in the City's tax levy for the library fund above the certified tax rate is solely due to a reduction of the assessment roll by the State Tax Commission and, according to Section 59-2-921 of the Utah Code Annotated, the tax levy may be adopted without further notice. SECTION 4. The tax levies hereinabove determined and levied shall be certified by the City Recorder to the Utah State Tax 3 Commission and to the auditor of Salt Lake County, State of Utah. SECTION 5. EFFECTIVE DATE. This ordinance shall take effect on October 15, 1991. Passed by the City Council of Salt Lake City, Utah, this 15th day of October , 19 • 91 CHAIRPERSON ATTEST: Transmitted to the Mayor on October 18, 1991 Mayor's Action: >‹ Approved ATTEST: FMN:cc Bill 75 of 1991 Published: October 25, 1991 MAYO 4 Vetoed APPROVED AS TO FORM Salt Lake C7s0Y'8 Offce Date . '