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SALT LAKE CITY ORDINANCE
No. 31 of 2009
(Adopting the rate of tax levy upon all
real and personal property within Salt Lake City,
made taxable by law for fiscal year 2009-2010)
AN ORDINANCE ADOPTING THE RATE OF TAX LEVY UPON ALL REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY MADE TAXABLE BY LAW FOR FISCAL YEAR 2009-2010.
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 neither exceeds nor falls short in raising the amount required for its governmental operations and in exercising its taxing authority granted by the Legislature.
It is the intent of Salt Lake City to adopt a total tax rate for the general fund that will raise $62,790,807, including $952,419 in new growth property tax revenue based on information provided by the Salt Lake County Auditor on June 9, 2009 (Exhibit A hereto) and $1,400,000 in property tax stabilization revenue which the City acknowledges will require a truth in taxation hearing. Similarly it is the intent of the Salt Lake City to adopt a tax rate for the Library that will raise $12,347,704 including $199,508 in new growth property tax revenue and $134,121 in property tax stabilization revenue based on information provided by the Salt Lake County Auditor on June 9, 2009. 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, for both the City and the Library.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a tax levy, 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 2009-2010 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: 2009-2010. Based on assessed value information provided by the Salt Lake County Auditor on June 9, 2009, 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, 2009 and ending June 30, 2010, a tax of 0.004660 on each dollar of taxable valuation of said property apportioned as follows:
(a) .003349 shall be credited as revenue in the general fund, generating $54,003,556 in revenue;
(b) .000763 shall be credited as revenue in the special library fund, generating $12,308,132;
(c) .000530 shall be credited toward repayment of General Obligation Bonds, generating $8,546,397, in revenue;
(d) .000002 shall be credited to the judgment levy for the library fund, generating $39,572 in revenue;
(e) .000015 shall be credited to the judgment levy for general fund, generating $240,854 in revenue;
To the extent necessary, the City Council hereby further levies a tax to cover the additional 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. 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 become effective on July 1, 2009.
Passed by the City Council of Salt Lake City, Utah, this 16th day of June, 2009.
Bill No. 31 of 2009.
Published: July 1, 2009.