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ORDINANCE NO. 2024 - 1(99
<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, 2025,AND ENDING DECEMBER 31, 2025 (6% OPTION)
<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 2024
<br /> and with tax payable in calendar year 2025.
<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,2025,and ending on the 31 St day
<br /> of December,2025,the sum of Twenty-Eight Million,Four Thousand,Four Hundred Forty-Three
<br /> Dollars and Twenty-Six Cents ($28,004,443.26 ) for which said sum is hereby levied and is
<br /> appropriated for purposes specified as follows, and that there is hereby abated upon all taxable
<br /> property within the corporate limits of the City of Decatur, Illinois, the sum of Eleven Million,
<br /> Two Hundred Seventy-Four Thousand, Two Hundred Seventy-Seven Dollars and Twenty-Six
<br /> Cents ($11,274,277.26) resulting in a Net Tax Levy of Sixteen Million, Seven Hundred Thirty
<br /> Thousand, One hundred and Sixty-Six Dollars and Zero Cents ($16,730,166.00).
<br /> Tax Levy$ Abate $ Net Tax Levy$
<br /> Decatur Police Pension 6,933,920.00 - 6,933,920.00
<br /> Decatur Firefighter Pension 5,646,707.00 - 5,646,707.00
<br /> Decatur Public Library 3,222,539.00 - 3,222,539.00
<br /> Decatur Municipal Band 70,000.00 - 70,000.00
<br /> GO Bond 2014 1,872,537.50 1,872,537.50 -
<br /> GO Bond 2015 1,765,625.00 1,765,625.00 -
<br /> GO Bond 2016 1,741,256.26 1,741,256.26 -
<br /> GO Bond 2018 2,070,500.00 1,278,000.00 792,500.00
<br /> GO Bond 2019 763,708.50 699,208.50 64,500.00
<br /> GO Bond 2019 Series B 145,030.00 145,030.00 -
<br /> GO Bond 2020 1,947,220.00 1,947,220.00 -
<br /> GO Bond 2022 1,825,400.00 1,825,400.00 -
<br /> Total Tax Levy 28,004,443.26 11,274,277.26 16,730,166.00
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