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HomeMy WebLinkAboutProposed Ordinance - 5/5/2026ORDINANCE NO. ____ 2026 Adopting the interim budgets of Salt Lake City, including the Library Fund, for fiscal year 2026-2027 WHEREAS, the Budget Officer of Salt Lake City Corporation (the “City”) previously filed tentative budgets, including the tentative budget for the Library Fund pursuant to Section 10-6- 111 of the Utah Code and also presented the corresponding property tax impact schedule pursuant to Section 59-2-919 and 59-2-924 of the Utah Code; and WHEREAS, on ___________, the City Council adopted the tentative budgets by Resolution No. ___ of 2026; and WHEREAS, each tentative budget adopted by the City Council and all supporting schedules and data was a public record in the office of the City Recorder, available for public inspection for a period of at least ten days prior to the adoption of the final budgets and was published at least seven days before the adoption of this interim budget. WHEREAS, the City Council, held a public hearing on May 19, 2026, and on June 2, 2026, to consider the adoption of the interim budget which includes a proposed tax rate increase provided that, at least seven days prior to such hearings, notice thereof was published in accordance with Utah Code § 63G-30-102(1) on the Utah Public Notice Website; on the homepage of the City’s website; and in a public location within the municipality that is reasonably likely to be seen by residents of the municipality. WHEREAS, the City Council, because a property tax rate increase has been proposed, has scheduled a public hearing on August 11, 2026, specifically regarding the proposed property tax increase, and provided that, at least fourteen days prior to such hearings, notice thereof was published in accordance with Utah Code Sections 59-2-919 and 59-2-924. 01A.Ord.FY27.City_InterimBudget-June 2 NOW, THEREFORE, be it resolved by the City Council of Salt Lake City, Utah, as follows: 1.That the City’s interim budgets attached hereto as Exhibit A, the including the interim budget for the Library, and which also includes the property tax schedule attached separately hereto as Exhibit B, are hereby adopted and effective beginning July 1, 2026 and continuing until the City Council adopts final budgets. 2.That the City’s interim budgets are ordered to be filed and maintained as public records, available for public inspection in the office of the City Recorder, whose permanent office is located at 451 South State Street, Room 415, Salt Lake City, UT 84111, until adoption of the final budgets. 3.That an amount of the City’s general fund revenue that is no less than the amount of the additional ad valorum tax revenue that would be generated by the City’s proposed tax rate increase shall be set aside in a restricted budget account until the date on which the City, subject to the requirements of Utah Code Sections 59-2-919 and 59-2-924, adopts final budgets. 4.Effective Date. This Ordinance shall take effect on July 1, 2026 pursuant to the publication requirements in Utah Code Sections § 10-3-711 and § 10-3-713. Passed by the City Council of Salt Lake City, Utah, this _____ day of _______________, 2026. Alejandro Puy, Council Chair ATTEST: Keith Reynolds, City Recorder APPROVED AS TO FORM Office of the City Attorney Date: 04/27/2026 By: /s/ Jaysen R. Oldroyd Jaysen R. Oldroyd, Senior City Attorney 01A.Ord.FY27.City_InterimBudget-June 3 EXHIBIT A 01A.Ord.FY27.City_InterimBudget-June 4 EXHIBIT B