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DEC 201
<br /> ORDINANCE NO.2017-55
<br /> AN ORDINANCE LEVYING PROPERTY TAXES FOR THE CITY OF DECATUR,
<br /> ILLINOIS FOR THE PURPOSE OF RAISING REVENUE TO MEET CERTAIN
<br /> NECESSARY EXPENSES OF THE CIVIL CITY FOR THE FISCAL YEAR
<br /> BEGINNING JANUARY 1,2018 AND ENDING DECEMBER 31,2018,AND FIXING A
<br /> TIME WHEN THE SAME SHALL TAKE EFFECT
<br /> WHEREAS,the City of Decatur,Illinois is a home rule unit of local government as defined
<br /> by, and having the powers enumerated in, the Constitution of the State of Illinois 1970, Article
<br /> VII, Section 6(a); and,
<br /> WHEREAS,the City of Decatur is required to establish the Property Tax Levy for the City
<br /> of Decatur for the year of assessed value with property tax payable in the subsequent year,the City
<br /> hereby with this Ordinance affixes the Property Tax Levy for assessed value in calendar year 2017
<br /> and with tax payable in calendar year 2018.
<br /> NOW, AND THEREFORE, BE IT ORDAINED, BY THE CITY COUNCIL OF THE
<br /> CITY OF DECATUR, ILLINOIS:
<br /> Section 1. That there is hereby levied upon all the taxable property within the corporate
<br /> limits of the City of Decatur, Illinois, as the same is taxed and equalized for State and County
<br /> purposes for the fiscal year beginning with the 1St day of January of 2018, and ending on the 31St
<br /> day of December, 2018, the sum of Twenty-Five Million, Five Hundred Eighty Four Thousand,
<br /> Fifty Nine Dollars and Eighty Nine Cents ($25,584,059.89) for which said sum is hereby levied
<br /> and is appropriated for purposes specified as follows, and that there is hereby abated upon all
<br /> taxable property within the corporate limits of the City of Decatur, Illinois, the sum of Eleven
<br /> Million, Seven Hundred and Seven Thousand, Two Hundred Fifty Nine Dollars and Sixty One
<br /> Cents ($11,707,259.61) resulting in a Net Tax Levy of Thirteen Million, Eight Hundred Seventy
<br /> Six Thousand,Eight Hundred Dollars and Twenty Eight Cents($13,876,800.28).
<br /> Tax Levy$ Abate $ Net Tax Levy$
<br /> Decatur General Purpose 857,468.00 857,468.00
<br /> Decatur Police Pension 4,082,000.00 4,082,000.00
<br /> Decatur Firefighter Pension 4,900,000.00 4,900,000.00
<br /> Decatur Public Library 2,900,000.00 2,900,000.00
<br /> Decatur Municipal Band 65,000.00 65,000.00
<br /> GO Bond 2010 Series A 894,245.02 715,394.00 178,851.02
<br /> GO Bond 2010 Series B 2,506,780.02 2,506,780.02
<br /> GO Bond 2010 Series C 275,600.00 137,800.00 137,800.00
<br /> GO Bond 2012 755,681.26 755,681.26
<br /> GO Bond 2013 1,857,100.00 1,857,100.00
<br /> GO Bond 2014 1,873,237.50 1,873,237.50
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