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<br /> 2010 Series C GO 137,800.00 Olde Towne TIF Fund
<br /> 2012 Series GO 773,875.00 General Fund revenues
<br /> Refunding
<br /> 2013 Series GO 1,879,500.00 Water Fund water projects
<br /> Refunding
<br /> 2014 Series GO 1,871,787.50 Water Fund Lake dredging project
<br /> 2015 Series GO 1,764,125.00 Water Fund Lake dredging project
<br /> 2016 Series GO 1,737,756.26 Water Fund Lake dredging project
<br /> 2017 Series GO 379,600.00 Water Fund water projects
<br /> Refunding
<br /> 2018 Series GO 1,618,369.00 Water Fund for Lake dredging portion
<br /> and general fund revenues for new fire
<br /> station portion
<br /> 2019 Series GO 1,031,629.26 General Fund revenues and PILOT
<br /> Refunding
<br /> 2019 Series B GO 234,650.00 Building Fund / Equipment
<br /> Replacement Fund
<br /> 2020 Series GO 2,202,855.00 Water Fund for Lake dredging portion
<br /> Refunding and Olde Towne TIF Fund for
<br /> downtown street scape portion
<br /> 2022 Series GO 1,821,200.00 Water and Sewer Fund(s)
<br /> Total Abatements 15,453,147.02
<br /> Detailed elements of the 2023 tax levy are as follows,with comparison to the 2022 tax levy.
<br /> $(whole) 2023 2022 Change %Change
<br /> Tax Levy Tax levy
<br /> Police pension 5,924,839.00 5,530,057.11 394,781.89 7.1%
<br /> Fire pension 6,128,479.00 6,100,013.88 28,465.12 .005%
<br /> Library 3,072,539.38 2,972,539.38 100,000.00 3.4%
<br /> Municipal band 70,000.00 66,725.26 3,274.74 4.9%
<br /> GO debt service 587,181.00 653,928.00 -66,747.00 -10.2%
<br /> General Purpose 74.20 -74.20
<br /> Total Tax Levy 15,783,038.38 15,323,337.83 459,700.55 3.0%
<br /> Pension fund increases reflect the actuarially determined contribution required to meet future pension liabilities and achieve
<br /> optimal future funding levels in accordance with Illinois State Statute 40 ILCS 5/4-118 for the Decatur Firefighters Pension Fund
<br /> and Illinois State Statute 40 ILCS 5/3-125 for the Decatur Police Pension Fund. Decatur Library reflects a 3.4% increase to
<br /> reflect the budgeted increase required for salaries. Decatur Municipal Band reflects a 4.9% increase to reflect the budgeted
<br /> increase for expenses. GO Debt Service reflects a decrease of 10.2%, which signifies the council's intent to allocate certain
<br /> general fund revenue sources to capital projects.
<br /> The proposed property tax levy and projected assessed value would yield a property tax rate of $1.5047845 per $100 of
<br /> assessed value. This would represent a slight reduction in the property tax rate versus the prior year property tax rate of
<br /> $1.61902 per$100 of assessed value.
<br /> Of note,as the tax levy presented for approval defines the dollars to be raised in property tax revenue,the final property tax rate
<br /> will be dependent upon the final assessed value,which is not yet determined. The final assessed value will be determined upon
<br /> completion of the Macon County Assessor's valuation process,and approval/certification by the State of Illinois.
<br /> This tax levy and tax abatements will be used by Macon County Officials to calculate the tax extensions to appear on property
<br /> tax bills issued to property owners in calendar year 2023 for property tax due in calendar year 2024.
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