2019-225 Ordinance Levying Property Taxes for the City of Decatur, Illinois for the Purpose of Raising Revenue to Meet Certain Necessary Expenses of the City for the Fiscal Year Beginning January 1, 2020 and Ending December 31, 2020

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LETTER to the DECATUR CITY COUNCIL Financial Management Department Letter#2019-14 DATE: November 24, 2019 TO: Honorable Mayor Moore Wolfe and City Council Members FROM: Scot Wrighton, City Manager Gregg D. Zientara, City Treasurer&Director of Finance SUBJECT: Property Tax Levy for AV Year 2019 Pay Tax Year 2020 SUMMARY RECOMMENDATION: It is recommended that the City Council approve the attached series of Ordinances,which set the property tax levy for the City of Decatur for assessed value year 2019 pay tax year 2020 and abate certain of the general obligation bond debt service payments, whereby such abatement will exclude said debt service payment from inclusion in the property tax levy. The tax levy presented herewith, is the same tax levy as presented to and approved by City Council in Council Resolution R2019-169, Resolution Estimating Amounts Necessary to be Raised by the 2019 Tax Levy, adopted by the City Council on November 4, 2019. This tax levy and tax abatements will be used by County Officials to calculate the tax extensions to appear on property tax bills issued to property owners in calendar year 2020 for tax due in calendar year 2020. The property tax levy presented in the ordinance for Council consideration is $26,891,809.52 and includes tax levy amounts for the Decatur Police Pension, Decatur Firefighter Pension, Decatur Public Library, Decatur Municipal Band and debt service payments for all General Obligation Debt due in the fiscal year covered by the tax levy. Tax Abatement Ordinances included amount to$12,704,809.52 of general obligation debt service tax abatement. The resulting net tax levy after abatement is $14,187,000.00, with comparison as follows to the prior year tax levy: $(whole) Tax levy Tax Abatement(s) Net Tax Levy 2019 Tax Levy 26,891,809.52 12,704,809.52 14,187,000.00 2018 Tax Levy extended 26,836,259.21 12,959,062.28 13,877,252.61 The 2019 tax levy presented herewith reflects an increase of 2.2% versus the 2018 tax levy. The increase is the result of anticipated assessed value gain and the resultant property tax revenue from annexations affected by council action in 2019.