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ORDINANCE NO. 2023 -�'_1
<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 1,2024,AND ENDING DECEMBER 31, 2024
<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 2023
<br /> and with tax payable in calendar year 2024.
<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,2024, and ending on the 31"day
<br /> of December, 2024, the sum of Thirty-One Million, Two Hundred Thirty-Six Thousand, One
<br /> Hundred Eighty-Five Dollars and Forty Cents ($31,236,185.40 ) for which said sum is hereby
<br /> levied and is appropriated for purposes specified as follows, and that there is hereby abated upon
<br /> all taxable property within the corporate limits of the City of Decatur, Illinois, the sum of Fifteen
<br /> Million, Four Hundred Fifty-Three Thousand, One Hundred Forty-Seven Dollars and Two Cents
<br /> ($15,453,147.02) resulting in a Net Tax Levy of Fifteen Million, Seven Hundred Eighty-Three
<br /> Thousand, Thirty-Eight Dollars and Thirty-Eight Cents ($15,783,038.38).
<br /> Tax Levy$ Abate $ Net Tax Levy$
<br /> Decatur Police Pension 5,924,839.00 - 5,924,839.00
<br /> Decatur Firefighter Pension 6,128,479.00 - 6,128,479.00
<br /> Decatur Public Library 3,072,539.38 - 3,072,539.38
<br /> Decatur Municipal Band 70,000.00 - 70,000.00
<br /> GO Bond 2010 Series C 275,600.00 137,800.00 137,800.00
<br /> GO Bond 2012 773,875.00 773,875.00 -
<br /> GO Bond 2013 1,879,500.00 1,879,500.00 -
<br /> GO Bond 2014 1,871,787.50 1,871,787.50 -
<br /> GO Bond 2015 1,764,125.00 1,764,125.00 -
<br /> GO Bond 2016 1,737,756.26 1,737,756.26 -
<br /> GO Bond 2017 379,600.00 379,600.00 -
<br /> GO Bond 2018 2,067,750.00 1,618,369.00 449,381.00
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