036 of 2012 - Adopting the rate of tax levy, including the levy for the Library Fund for Fiscal Year 2012-2013 0 12-1
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SALT LAKE CITY ORDINANCE
No. 36 of 2012
(Adopting the rate of tax levy, including the levy for the
Library Fund, upon all real and personal property within
Salt Lake City, made taxable by law for fiscal year 2012-2013)
An ordinance adopting the rate of tax levy, including the levy for the Library
Fund, upon all real and personal property within Salt Lake City made taxable by law for
fiscal year 2012-2013.
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. 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 a tax levy,
which includes the amount of the 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 2012-2013 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. TAX LEVY: 2012-2013. The City Council hereby adopts the
following 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, 2012 and ending June 30, 2013, a tax of.005589 on each dollar of
taxable valuation of said property apportioned as follows:
a) .003574 shall be credited as revenue in the general fund, generating
$56,235,904 of on-going revenue;
b) .000846 shall be credited as revenue in the special library fund, generating
$13,316,705 of on-going revenue;
c) .001097 shall be credited toward repayment of General Obligation Bonds,
generating $17,260,992 of on-going revenue;
d) .000061 shall be credited to the judgment levy for the general fund, a one-year
adjustment generating $959,818 of one-time revenue; and
e) .000011 shall be credited to the judgment levy for the library fund, a one-year
adjustment generating $173,082 of one-time revenue.
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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, 2012.
Passed by the City Council of Salt Lake City, Utah, this 19th day of
June , 2012.
CHAIRPERSON
ATTEST:
CO E w�`; , ,
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Transmitted to the Mayor on e,3 T2012
Mayor's Action: '9 Approved. Vetoed.
MAYOR
ATTEST:
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APPROVED A5 TO FORM
REC RD Salt Lake//--City Attorney's Office
.� Date
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(SEAL) c' �' `+ /
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Bill No. 36 of 2012. e r; r' t` I
Published: July 12, 2012.es°C oR
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