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HomeMy WebLinkAboutProposed Ordinance - 5/5/2026SALT LAKE CITY ORDINANCE No. ____ of 2026 Adopting proposed rates of tax levy, including the proposed rates of tax levy for the Library Fund, upon all real and personal property within Salt Lake City, made taxable by law for fiscal year 2026-2027 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 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 proposed tax rates for the general fund including adopting proposed tax rates for the Library. The City acknowledges this action will require a truth in taxation hearing and that the proposed final tax rates will not become final unless approved by the City Council following such truth in taxation hearing. 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. SECTION 1. PURPOSE. The purpose of this ordinance is to adopt proposed tax levies, which includes the amount of the proposed library fund tax levies previously adopted, pursuant to 01B.Ord.FY27.SLCTaxRate-June 2 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 2026-2027 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. INTERIM TAX LEVY: 2026-2027. The City Council hereby adopts the following interim rate of tax 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 interim budget period beginning July 1, 2026, and ending upon the Salt Lake City Council’s adoption of a final budget pursuant to the requirements of Utah Code Sections 59-2-919, and 59-2-924, 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 in the special library fund, generating $________ of ongoing revenue; and d) ________ shall be credited toward repayment of General Obligation Bonds, generating $________ of ongoing revenue; and e)__________ shall be credited as revenue in the Governmental Immunity Fund for tort liability, generating $____________ of ongoing revenue. 01B.Ord.FY27.SLCTaxRate-June 3 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 4. 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. 01B.Ord.FY27.SLCTaxRate-June 4 SECTION 5. 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 6. EFFECTIVE DATE. This Ordinance shall take effect on July 1, 2026 pursuant to publication requirements in Utah Code § 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, Recorder Transmitted to the Mayor on . Mayor’s Action: _____ Approved. _____ Vetoed. Erin Mendenhall, Mayor ATTEST: Keith Reynolds, City Recorder Bill No. _______ of 2026. Published: APPROVED AS TO FORM Office of the City Attorney Date: 04/27/2026 By: /s/Jaysen R. Oldroyd Jaysen R. Oldroyd, Senior City Attorney