041 of 2002 - amending Ordinance 43 of 2001 which adopted the rate of tax levy for fiscal years 2001-2001 and 2002 0 02-1
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SALT LAKE CITY ORDINANCE
No. 41 of 2002
(Amending Salt Lake City Ordinance No. 43 of 2001
which adopted the rate of tax levy upon all
real and personal property within Salt Lake City,
made taxable by law for fiscal years
2001-2002 and 2002-2003
AN ORDINANCE AMENDING SALT LAKE CITY ORDINANCE NO. 43 OF
2001 WHICH ADOPTED THE RATE OF TAX LEVY UPON ALL REAL AND
PERSONAL PROPERTY WITHIN SALT LAKE CITY MADE TAXABLE BY LAW
FOR FISCAL YEARS 2001-2002 AND 2002-2003.
Be it ordained by the City Council of Salt Lake City:
PREAMBLE
On June 14, 2001, the Salt Lake City Council approved Ordinance No. 43 of 2001
which adopted the rate of tax levy upon all real and personal property within Salt Lake
City made taxable by law for fiscal years 2001-2002 and 2002-2003. That ordinance was
signed by the Mayor on June 18, 2001.
The Salt Lake City Council now wishes to amend the rate of tax levy for fiscal
year 2002-2003 as set forth herein.
Chapter 2, Title 59 of the Utah Code Ann. 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 Ann. provides for
certain notice and hearing requirements if the proposed tax rate exceeds the certified tax
rate. 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
Ann.
SECTION 1. PURPOSE. The purpose of this ordinance is to amend the rate of
tax levy upon all real and personal property within Salt Lake City made taxable by law in
the year 2002 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 Ann.
SECTION 2. TAX LEVY: 2002-2003. The City Council hereby levies upon all
real and personal property within Salt Lake City made taxable by law in the year 2002, for
the fiscal year of Salt Lake City beginning July 1, 2002, and ending June 30, 2003, as
revenue in the general fund and as revenue in the library fund, a tax of.005267 percent on
each dollar of taxable valuation of said property apportioned as follows:
(a) .003911 percent shall be credited as revenue in the general fund;
(b) .000049 percent shall be credited as revenue in the general fund to be used for
repayment of court ordered judgments;
(c) .000755 percent shall be credited as revenue in the special library fund;
(d) .000006 percent shall be credited as revenue in the special library fund to be
used for repayment of court ordered judgments; and
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(e) .000546 percent shall be credited toward repayment of the Block 37 General
Obligation Bonds for the construction of a new City library building and other
improvements.
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
Ann. 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 § 10-3-1214 of the Utah Code Ann.
SECTION 3. CERTIFIED TAX RATE. The proposed tax levies for the general
fund exceed the certified tax rates and, therefore, the City is required to and will publish
notice and hold a public hearing pursuant to Chapter 2, Title 59, of the Utah Code Ann.
SECTION 4. CERTIFIED TO AUDITOR. The tax levies hereinabove
determined and levied shall be certified by the City Recorder or his designee to the
Auditor of Salt Lake County, State of Utah before the 22nd day of June 2002 pursuant to
the provisions of Chapter 2, Title 59 of the Utah Code Ann.
SECTION 5. RESERVE 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,
2002.
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Passed by the City Council of Salt Lake City,Utah, this 18th day of
June , 2002.
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CHAIRPERSON
ATTEST:
CHIEF DEPUTY CITY REC RDER
Transmitted to the Mayor on June 28, 2002 .
Mayor's Action: ( Approved. Vetoed.
YOR
ATTEST:
"""%%%,, HI .F DEPUTY CITY RECORDER tr,.e - 21- oL
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Bill No. 41 of 2002.
Published: July 1, 2002 .
G:\Ordina0l\Budget\adopting tax levy-May 3,2002 doc
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