056 of 2006 - Adopting the final rate of tax levy for FY 2006/2007 0 06-1
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SALT LAKE CITY ORDINANCE
No. 56 of 2006
(Adopting the final rate of tax levy upon all
real and personal property within Salt Lake City,
made taxable by law for fiscal year 2006-2007)
AN ORDINANCE ADOPTING THE FINAL RATE OF TAX LEVY UPON ALL
REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY MADE TAXABLE
BY LAW FOR FISCAL YEAR 2006-2007.
Be it ordained by the City Council of Salt Lake City:
PREAMBLE
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.
On June 16, 2006, the City adopted Ordinance No. 43 of 2006, by which it
adopted the rate of tax levy for fiscal year 2006-2007.
On August 8, 2006, the City held a public hearing on the proposed rate of tax
levy, as required by law. The City now wishes to adopt a final rate of tax levy for fiscal
year 2006-2007.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a final tax
levy upon all real and personal property within Salt Lake City made taxable by law in the
year 2006 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: 2006-2007. The City Council hereby levies upon all
real and personal property within Salt Lake City made taxable by law in the year 2006, for
the fiscal year of Salt Lake City ending June 30, 2007, a tax of.004720 on each dollar of
taxable valuation of said property apportioned as follows:
(a) .003390 shall be credited as revenue in the general fund;
(b) .000762 shall be credited as revenue in the special library fund;
(c) .000018 shall be credited as revenue in the special library fund to be used for
repayment of court ordered judgments;
(d) .000537 shall be credited toward repayment of General Obligation Bonds.
(e) .000013 shall be credited toward repayment of General Obligation Bonds to
be used for repayment of court ordered judgments.
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
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Arm. 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 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
Ann.
SECTION 4. 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 5. EFFECTIVE DATE. This Ordinance shall take effect upon
publication.
Passed by the City Council of Salt Lake City, Utah, this 2 _day of
August , 2006.
CHAIRPERSON
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ATTEST:
CHIEF DEPUTY Y RE ORDER
Transmitted to the Mayor on August P 2006
Mayor's Action: Approved. Vetoed.
MAYOR
ATTEST:
e APPROVED AS TO FORM
CHI F DEPUTY CI RECO ER salt Lake City Attorney's Office
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