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SALT LAKE CITY ORDINANCE
No. 32 of 2003
(Adopting the proposed rate of tax levy upon all
real and personal property within Salt Lake City,
made taxable by law for fiscal year 2003-2004)
AN ORDINANCE ADOPTING THE PROPOSED RATE OF TAX LEVY UPON ALL REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY MADE TAXABLE BY LAW FOR FISCAL YEAR 2003-2004.
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.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a proposed tax levy upon all real and personal property within Salt Lake City made taxable by law in the year 2003 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: 2003-2004. The City Council hereby proposes to levy upon all real and personal property within Salt Lake City made taxable by law in the year 2003, for the fiscal year of Salt Lake City ending June 30, 2004, a tax of .005458 on each dollar of taxable valuation of said property apportioned as follows:
(a) .004024 shall be credited as revenue in the general fund;
(b) .000055 shall be credited as revenue in the general fund to be used for repayment of court ordered judgments;
(c) .000777 shall be credited as revenue in the special library fund;
(d) .000009 shall be credited as revenue in the special library fund to be used for repayment of court ordered judgments;
(e) .000585 shall be credited toward repayment of the Block 37 General Obligation Bonds for the construction of a new City library building and other improvements; and
(f) .000008 shall be credited toward the repayment of the Block 37 General Obligation Bonds to be used for repayment of court ordered judgments.
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. Prior to adopting a final tax levy, the City will hold a public hearing as required by Utah state law.
SECTION 3. CERTIFIED TO AUDITOR. The proposed tax levies hereinabove determined and levied shall be certified by the City Recorder to the Auditor of Salt Lake County, State of Utah by the 25th day of June 2003 pursuant to the provisions of Chapter 2, Title 59 of the Utah Code Ann., as extended by the Utah State Tax Commission. The final tax levies shall be certified before the 17th day of August 2003.
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 on July 1, 2003.
Passed by the City Council of Salt Lake City, Utah, this 24th day of June, 2003.
Bill No. 32 of 2003.
Published: July 9, 2003.