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ORDINANCE NO. 2015- 6 g
<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 CIVIL CITY FOR THE FISCAL YEAR
<br /> BEGINNING JANUARY 1,2016 AND ENDING DECEMBER 31,2016,AND FIXING A
<br /> TIME WHEN THE SAME SHALL TAKE EFFECT
<br /> WHEREAS, the City of Decatur, Illinois is a home rule unit of local government as
<br /> defined by, and having the powers enumerated in, the Constitution of the State of Illinois 1970,
<br /> Article VII, Section 6(a); and,
<br /> WHEREAS, the City of Decatur is required to establish the Property Tax Levy for the
<br /> City of Decatur prior to December 31 of the year of assessed value with property tax payable in
<br /> the subsequent year, the City hereby with this Ordinance affixes the Property Tax Levy for
<br /> assessed value in calendar year 2015 and with tax payable in calendar year 2016.
<br /> NOW, AND THEREFORE, BE IT ORDANIED, 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
<br /> corporate limits of the City of Decatur, Illinois, as the same is taxed and equalized for State and
<br /> County purposes for the fiscal year beginning with the lst day of January of 2016, and ending on
<br /> the 31St day of December, 2016, the sum of Twenty-Two Million, Three Hundred Twenty
<br /> Thousand, One Hundred Ninety Six Dollars and Thirty Two Cents ($22,320,196.32) for which
<br /> said sum is hereby levied and is appropriated for purposes specified as follows, and that there is
<br /> hereby abated upon all taxable property within the corporate limits of the City of Decatur,
<br /> Illinois, the sum of Eight Million, Seven Hundred Ninety Five Thousand, Three Hundred Ninety
<br /> Four pollars and Thirty Two Cents ($8,795,394.32) resulting in a Net Tax Levy of Thirteen
<br /> Million, Five Hundred Twenty Four Thousand, Eight Hundred and Two Dollars and Zero Cents
<br /> ($13,524,802.00).
<br /> Tax Levy$ Abate $ Net Tax Levy$
<br /> Decatur General Purpose 409,765.00 409,765.00
<br /> Decatur Police Pension 3,575,000.00 3,575,000.00
<br /> Decatur Firefighter Pension 4,390,000.00 4,390,000.00
<br /> Decatur Public Library 2,850,000.00 2,850,000.00
<br /> Decatur Municipal Band 65,000.00 65,000.00
<br /> GO Bond 2008 1,174,112.52 1,174,112.52 0.00
<br /> GO Bond 2010 Series A 620,157.52 620,157.52
<br /> GO Bond 2010 Series B 2,460,417.52 2,001,84430 458,573.22
<br /> GO Bond 2010 Series C 277,750.00 138,875.00 138,875.00
<br /> GO Bond 2010 Series D 261,750.00 261,750.00
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