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Legislative Version Ordinance - 5/17/2022SALT LAKE CITY ORDINANCE No. ____ of 2022 (Adopting the final rate of tax levy, including the final levy for the Library Fund, upon all real and personal property within Salt Lake City, made taxable by law for fiscal year 2022-2023) An ordinance adopting the final rate of tax levy, including the final levy for the Library Fund, upon all real and personal property within Salt Lake City made taxable by law for fiscal year 2022-2023. 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. It is the intent of Salt Lake City to adopt a total final tax rate for the general fund that will raise $________________, including $_____________ in new growth property tax revenue and $____________ in property tax stabilization revenue, which the City acknowledges will require a truth in taxation hearing. Similarly, it is the intent of Salt Lake City to adopt a final tax rate for the Library that will raise $_______________ including $______________ in new growth property tax revenue, which the City acknowledges will require a truth in taxation hearing. Further, it is the intent of the City to levy an additional tax, pursuant to Utah Code 63G- 7-704, that will raise $_____________ for the City’s governmental immunity fund from which appropriate payments for defense costs, claims, settlements, and judgments may be made. Finally, 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 tax levy, which includes the amount of the final library fund tax levy previously adopted, 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 2022-2023 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. SECTION 2. FINAL TAX LEVY: 2022-2023. The City Council hereby adopts the following final 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, 2022, and ending June 30, 2023, a tax of _______ on each dollar of taxable valuation of said property apportioned as follows: a) __________ shall be credited as revenue in the general fund, generating $___________ of ongoing revenue; and b) _____________ shall be credited to the judgment levy for the general fund, a one- year adjustment generating $_____________ of one-time revenue; and c) ___________ shall be credited as revenue for the governmental immunity fund, generating $ ________ of ongoing revenue; and d) _______________ shall be credited as revenue in the special library fund, generating $_________________ of on-going revenue; and e) ______________ shall be credited toward repayment of General Obligation Bonds, generating $______________ of on-going revenue; and f) _______________ shall be credited to the judgment levy for the library fund, a one- year adjustment generating $_______________ of one-time revenue. 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 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 § 10-3b-204 of the Utah Code. 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. 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, 2022. Passed by the City Council of Salt Lake City, Utah, this _______ day of ________________, 2022. ______________________________________ CHAIRPERSON ATTEST: ______________________________ CITY RECORDER Transmitted to the Mayor on __________________________. Mayor’s Action: _____Approved. _____Vetoed. ______________________________ MAYOR ATTEST: ____________________________ CITY RECORDER (SEAL) Bill No. _______ of 2022. Published: ____________________. Salt Lake City Attorney’s Office Approved As To Form Date:____________________ By:_________________________ Jaysen Oldroyd, Senior City Attorney