048 of 2023 - Truth-in-Taxation for Fiscal Year 2023-241
SALT LAKE CITY ORDINANCE
No. ____ of 2023
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 2023-2024)
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 2023-2024.
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 $123,259,617, including $2,943,898 in new growth property tax revenue. Similarly, it is the
intent of Salt Lake City to adopt a final tax rate for the Library that will raise $25,209,427
including $677,103 in new growth property tax revenue, which the City acknowledges will
require a truth in taxation hearing.
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2
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.
The City held a truth in taxation public hearing in accordance with Utah law on August
15, 2023.
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 2023-2024 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: 2023-2024. 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, 2023, and ending June 30, 2024, a tax of .003599 on each dollar of taxable
valuation of said property apportioned as follows:
a)0.002456 shall be credited as revenue in the general fund, generating $100,530,046 of
ongoing revenue; and
b) 0.000037 shall be credited to the judgment levy for the general fund, a one-year
adjustment generating $1,498,935 of one-time revenue; and
c)0.00058 shall be credited as revenue in the special library fund, generating
24,916,220 of on-going revenue; and
d)0.000424 shall be credited toward repayment of General Obligation Bonds,
generating $17,342,055 of on-going revenue; and
e)0.000007 shall be credited to the judgment levy for the library fund, a one-year
adjustment generating $293,207 of one-time revenue.
f)0.000095 shall be credited to the fund tort liability claims, generating $3,888,581 in
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,
2023.
Passed by the City Council of Salt Lake City, Utah, this day of ---
-------' 2023.
CHAIRPERSON
3
15th
August
CITY RECORDER
Transmitted to the Mayor on __________ _
Mayor's Action: __ Approved.
ATTEST:
CITY RECORDER
(SEAL)
Bill No. of 2023. ---Published:
Vetoed.
MAYOR
4
Salt Lake City Attorney's Office
Approved As To Form
Date: --------
By: J01::j � 0 Lclvo-yd.,
Jaysen Oldroyd, Senior City Attorney
ATTEST:
Jaysen Oldroyd, Senior City Attorney
48
Aug 18, 2023
Aug 21, 2023
Erin Mendenhall (Aug 21, 2023 12:20 MDT)
4
Aug 21, 2023
Ordinance 48 of 2023 Truth-in-Taxation for
Fiscal Year 2023-24
Final Audit Report 2023-08-21
Created:2023-08-17
By:Thais Stewart (thais.stewart@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAA2mv2OuIimjJKgMehkA9MfXT-dDluDZ2e
"Ordinance 48 of 2023 Truth-in-Taxation for Fiscal Year 2023-24
" History
Document created by Thais Stewart (thais.stewart@slcgov.com)
2023-08-17 - 11:53:22 PM GMT
Document emailed to Jaysen Oldroyd (jaysen.oldroyd@slcgov.com) for signature
2023-08-17 - 11:55:34 PM GMT
Email viewed by Jaysen Oldroyd (jaysen.oldroyd@slcgov.com)
2023-08-18 - 7:16:51 AM GMT
Document e-signed by Jaysen Oldroyd (jaysen.oldroyd@slcgov.com)
Signature Date: 2023-08-18 - 7:17:09 AM GMT - Time Source: server
Document emailed to Darin Mano (darin.mano@slcgov.com) for signature
2023-08-18 - 7:17:11 AM GMT
Email viewed by Darin Mano (darin.mano@slcgov.com)
2023-08-18 - 7:49:35 AM GMT
Document e-signed by Darin Mano (darin.mano@slcgov.com)
Signature Date: 2023-08-21 - 6:16:42 PM GMT - Time Source: server
Document emailed to Erin Mendenhall (erin.mendenhall@slcgov.com) for signature
2023-08-21 - 6:16:44 PM GMT
Email viewed by Erin Mendenhall (erin.mendenhall@slcgov.com)
2023-08-21 - 6:20:04 PM GMT
Document e-signed by Erin Mendenhall (erin.mendenhall@slcgov.com)
Signature Date: 2023-08-21 - 6:20:33 PM GMT - Time Source: server
Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature
2023-08-21 - 6:20:35 PM GMT
Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com)
E-signature obtained using URL retrieved through the Adobe Acrobat Sign API
Signature Date: 2023-08-21 - 6:57:43 PM GMT - Time Source: server
Agreement completed.
2023-08-21 - 6:57:43 PM GMT