055 of 2012 - Adopting the final rate of tax levy including the levy for the Library Fund; FY 2012-2013 0 12-1
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SALT LAKE CITY ORDINANCE
No. 55 of 2012
(Adopting the final 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 final 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.
On June 19, 2012, the City Council passed ordinance No. 36 of 2012 adopting a
rate of tax levy for the City. On August 14, 2012, the City Council held a truth in
taxation hearing on the proposed final rate of tax levy as required by law. The City
Council has now complied with all legal requirements to adopt a final rate of tax levy for
the City for fiscal year 2012-2013.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a final 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. FINAL TAX LEVY: 2012-2013. 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, 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;
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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.
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 final 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 be deemed effective on
July 1, 2012.
Passed by the City Council of Salt Lake City, Utah, this 14th day of
August , 2012.
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CHAIRPERSON
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ATTEST:
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CI RECORDER
Transmitted to the Mayor on August 21, 2012
Mayor's Action: rY Approved. Vetoed.
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MA OR
ATTEST:
(II44` Salt Lake City Attorney's Office
CITY RECORDER Date $'- Y.- I
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Bill No. 55 of 2012. rrrri,'ORAr='•,I••
Published: 8-25-12 .
HB ATTY-#24798-vI-FYI2-
I3_Adopting_the_Final_Rate_of Tax_Levy_including_Library_Fund_on_all_real_and_personal_property.DOC
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