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.� <br /> . <br /> FINANCIAL MANAGEMENT DEPARTMENT <br /> #90 - 84 <br /> November 14, 1990 <br /> MEMO T0: Honorable M or and City Council Members <br /> FROM: James C. Ba , Jr. , City Manager <br /> Beth B. Cou er, Financial Management Director �� <br /> �-- <br /> RE: Resolution Regarding the Annual Property Tax Levy <br /> Attached is the proposed Resolution regarding the Annual <br /> Levy for property tax. <br /> I am recommending the $5,070,992 tax levy resolution <br /> (Attachment #1) for the following reasons: <br /> 1989 1990 <br /> Fund Extended Proposed Comments <br /> Library $1,935,467 $1,935,135 <br /> Police Pension 559,095 476,245 Actuarially determined <br /> Fire Pension 612,957 440,094 Actuarially determined <br /> Police Prot. <br /> (Corporate <br /> Levy) 1,000,228 875,917 <br /> Band 55,197 55,000 <br /> IMRF 481,195 641,587 Employer contribution <br /> increases from 11.53� <br /> to 12 .53� starting <br /> January 1, 1991; <br /> allows for full staff- <br /> ing at current rates. <br /> Social Security 333,409 397,014 No rate change; <br /> allows for full staff- <br /> ing at current rates . <br /> Mass Transit 150,012 150,000 <br /> Public Benefit 100,156 100,000 <br /> $5,227,716 $5,070,992 <br />