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ORDINANCE NO. 2016- 9 2
<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 1,2017 AND ENDING DECEMBER 31,2017,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 2016 and with tax payable in calendar year 2017.
<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 1St day of January of 2017, and ending on
<br /> the 31St day of December, 2017,the sum of Twenty-Four Million,Nine Hundred and Forty Three
<br /> Thousand, Five Hundred Fifty Eight Dollars and Thirty Two Cents ($24,943,558.32) 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 Eleven Million, Eighty Thousand, Five Hundred Fifty Eight Dollars and
<br /> Thirty Two Cents ($11,080,558.32) resulting in a Net Tax Levy of Thirteen Million, Eight
<br /> Hundred Sixty Three Thousand, and Zero Cents ($13,863,000.00).
<br /> Tax Levy$ Abate $ Net Tax Levy$
<br /> Decatur General Purpose 629,352.00 629,352.00
<br /> Decatur Police Pension 3,975,000.00 3,975,000.00
<br /> Decatur Firefighter Pension 4,580,000.00 4,580,000.00
<br /> Decatur Public Library 2,900,000.00 2,900,000.00
<br /> Decatur Municipal Band 65,000.00 65,000.00
<br /> GO Bond 2008 1,175,081.26 1,175,081.26 0.00
<br /> GO Bond 2010 Series A 637,957.52 510,365.78 127,591.74
<br /> GO Bond 2010 Series B 2,486,217.52 2,036,217.52 450,000.00
<br /> GO Bond 2010 Series C 276,750.00 138,375.00 138,375.00
<br /> GO Bond 2010 Series D 244,400.00 244,400.00
<br /> GO Bond 2012 753,281,26 753,281,26
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