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ORDINANCE NO. 2020- 166
<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 CITY FOR THE FISCAL YEAR BEGINNING
<br /> JANUARY 1,2021 AND ENDING DECEMBER 31, 2021
<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 2020
<br /> and with tax payable in calendar year 2021.
<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 1" day of January of 2021, and ending on the 31St
<br /> day of December,2021,the sum of Twenty-Seven Million, Seven Hundred Eleven Thousand,One
<br /> Hundred and Eighty Six Dollars and Seventy Six Cents ($27,711,186.76) for which said sum is
<br /> hereby levied and is appropriated for purposes specified as follows, and that there is hereby abated
<br /> upon all taxable property within the corporate limits of the City of Decatur, Illinois, the sum of
<br /> Thirteen Million,Two Hundred and Forty Eight Thousand,Six Hundred and Seventy Eight Dollars
<br /> and Seventy Six Cents ($13,248,678.76) resulting in a Net Tax Levy of Fourteen Million, Four
<br /> Hundred Sixty Two Thousand,Five Hundred and Eight Dollars and Zero Cents ($14,462,508.00).
<br /> Tax Levy $ Abate $ Net Tax Levy $
<br /> Decatur Police Pension 4,900,000.00 - 4,900,000.00
<br /> Decatur Firefighter Pension 5,250,000.00 - 5,250,000.00
<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 C 274,600.00 137,300.00 137,300.00
<br /> GO Bond 2012 764,625.00 764,625.00 -
<br /> GO Bond 2013 1,868,500.00 1,868,500.00 -
<br /> GO Bond 2014 1,873,437.50 1,873,437.50 -
<br /> GO Bond 2015 1,753,975.00 1,753,975.00 -
<br /> GO Bond 2016 1,738,256.26 1,738,256.26 -
<br /> GO Bond 2017 1,135,000.00 1,135,000.00 -
<br /> GO Bond 2018 2,061,200.00 1,272,650.00 788,550.00
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