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Home My WebLink AboutT12-24Ordinance No. T12-24 AN ORDINANCE FOR THE LEVY AND ASSESSMENT OF TAXES FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2024 AND ENDING DECEMBER 31, 2024 OF THE CITY OF ELGIN, KANE AND COOK COUNTIES, ILLINOIS WHEREAS, the City Council of the City of Elgin in the counties of Kane and Cook, in the State of Illinois, did on the 18th of December, 2024 after notice of publication and public hearing adopt a budget in lieu of an annual appropriation ordinance for said City for the fiscal year beginning January 1, 2025, the amount of which is ascertained to be the aggregate sum of $386,234,250, WHEREAS, the Constitution of the State of Illinois, 1970, grants the City of Elgin as a Home Rule Unit the power to "... exercise any power and perform any function pertaining to its government and affairs including, but not limited to, the power to regulate for the protection for the public health, safety, morals and welfare; to license; to tax; and to incur debt." NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL FOR THE CITY OF ELGIN, ILLINOIS: Section 1. That there be and there is hereby levied upon all taxable property within the corporate limits of said City of Elgin, subject to taxation for the year 2024, the total sum of $57,949,110 for all purposes of the City of Elgin, mentioned in said budget as appropriated for the current fiscal year and in the specific amounts levied for the various purposes heretofore named being included herein by being placed in a separate column under the heading "To Be Raised By Taxation" which appears over the same, the tax so levied for the current fiscal year of said City of Elgin for the certain appropriations specified herein to be collected from said tax levy, the total of which has been ascertained as aforesaid and being summarized as follows: GENERAL CORPORATE PURPOSES In Accordance with Provisions of the 1970 Constitution of Illinois, Article 7 Amount Appropriated Estimated Receipts From Other Sources To Be Raised By Taxation 01 Mayor & City Council 293,410 293,410 02 City Clerk 362,050 362,050 03 Office of the City Mana er 2,094,920 2,094,920 05 Legal 1,281,450 1,281,450 06 Human Resources 1,877,290 1,877,290 07 311 1,038,420 1,038,420 15 Community Development 1,566,800 1,566,800 16 Neighborhood Services 4,292,520 4,292,520 17 1 Economic Development 1,989 800 1,989,800 19 Boards & Commissions 554,920 554,920 20 Finance 2,897,100 2,897,100 21 Information Technology Systems 2,156,400 2,1561400 22 Purchasin 572,380 572,380 23 Police Department 62,510,970 45,445,624 17,065,346 28 Fire Department 38,188 670 27,729,264 10,459,406 33 Public Works 23,785,420 23,785,420 37 1 Building Maintenance 3,997,120 3,997,120 54 Cultural Arts & Events 4,634,300 4,634,300 69 Non -De artmental 22,148,500 22,148,500 TOTAL — GENERAL CORPORATE PURPOSES $176,242,440 $148,717,688 27,524,752 Add: 1% for Loss of Collection 275.248 TOTAL AMOUNT TO BE RAISED BY TAXATION - GENERAL CORPORATE PURPOSES $27'800.000 SPECIA CORPORATE PURPOSES 220 Emer enc Telephone System (E911) 2,050,000 2,050,000 221 American Rescue Plan Fund 874,610 874,610 230 Communi Dev. Grant 1,432,570 1,432,570 250 Drug Asset Forfeiture Fund 335,000 335,000 262 Central Area Tax Allocation Fund 25,211,090 25,211,090 263 U.S. Rte. 20 Tax Allocation Fund 190,000 190,000 264 Bluff City Tax Allocation Fund 900,000 900,000 275 Elgin Riverboat Fund 15,828,190 15,828,190 290 Motor Fuel Tax Fund 10,750,000 10,750,000 294 Cemetery Operating 1,022,290 1,022,290 296 Elgin Recreation 11,069,470 11,069,470 297 Elgin Special Recreation Fund 1,425,000 14,109 1,410,891 Add: 1 % for Loss of Collection 14,109 TOTAL AMOUNT TO BE RAISED BY TAXATION — SPECIAL RECREATION FUND $1.425.000 301 Corporate Bond Fund 1,987,500 41,460 1,946,040 Add: 1 % for Loss of Collection 19,460 TOTAL AMOUNT TO BE RAISED BY TAXATION — CORPORATE BOND FUND �1 9 280 Social Security 3,367,520 33,342 3,334,178 Add: I% for Loss of Collection 33,342 TOTAL AMOUNT TO BE RAISED BY TAXATION —SOCIAL SECURITY 280 Illinois Municipal Retirement Fund 7,806,180 6,363,230 1,442,950 Add: 1 % for Loss of Collection 14,430 TOTAL AMOUNT TO BE RAISED BY TAXATION — IMRF r 0 Capital Im rovement Funds 322 4 2022 GO Bond Fund 859,970 859.970 324 1 2024 GO Bond Fund 623,710 623,710 340 Park Development Fund 1,041,140 1,041,140 378 Tyler Creek 300,000 300,000 385 Capital Improvement Fund 8,368,020 8,368,020 Enterprise Funds 401 Utility Operating Fund 47,110,060 47,110,060 420 Water Development Fund 568,500 568,500 440 Sewer Development Fund 720,000 720,000 I 540 Golf Operating Fund 7,490,070 7,490,070 Internal Service Funds 601 Equipment Replacement 7,927,890 7,927,890 630 Risk Mana ement Fund 6,237,350 6,237,350 635 Medical Insurance 15,477 960 15,477,960 Trust and Agency Funds 520 Cemetea Perpetual Care Fund 57,530 57,530 636 Retiree Medical Insurance 2,486,400 2,486,400 701 Police Pension Fund 15,431,540 3,114,065 $12,317,475 Add: 1% for Loss of Collections 123,175 TOTAL AMOUNT TO BE RAISED BY TAXATION - POLICE PENSION S12.440.650 711 Fire Pension Fund 11,042,250 1,643,181 $9,399,069 Add: 1% for Loss of Collections 93,991 TOTAL AMOUNT TO BE RAISED BY TAXATION - FIRE PENSION T $9 ,. TOTAL SPECIAL CORPORATE PURPOSES $209 991,810 $180,14.1,207 $29,850,603 Add: 1% for Loss of Collections 298,507 TOTAL AMOUNT TO BE RAISED BY TAXATION FOR SPECIAL CORPORATE PURPOSES $30,149,110 GRAND TOTAL — APPROPRIATION ALL PURPOSES 8386,234 250 TOTAL RECEIPTS FROM SOURCES OTHER THAN TAXATION $328.858,895 TOTAL TO BE RAISED BY TAXATION T- $57,375,355 Add: 1% for Loss of Collections 573,755 TOTAL AMOUNT TO BE RAISED BY TAXATION $57,949,110 The total amount of $57,949,110 levied by this ordinance for all funds. Section 2. This ordinance shall be in full force and effect from and after its passage and publication in the manner provided by law. Section 3. That the City Clerk be and is hereby directed to file with the County Clerk of Kane County and the County Clerk of Cook County a certified copy of this ordinance. David J. Kap m, ayor Presented: December 18, 2024 Passed: December 18, 2024 Vote: Yeas: 9 Nays: 0 Recorded: December 18, 2024 Published: December 18, 2024 Attest: Kimberly Dewi C' y Clerk 4 CERTIFICATION OF TAX LEVY I, the undersigned, duly elected, qualified and acting Mayor of The City of Elgin, Kane County, Illinois, does hereby certify that the attached Tax Levy filed with the Kane County Clerk on December 18, 2024, is a true and, correct copy of the Tax Levy of said district. Date: December 18, 2024 e);72.70L.;v:. David Kapta' , May , City Of Elgin try ✓�• ��_:��fir, SEAL TRUTH IN TAXATION CERTIFICATE I, David Kaptain, Mayor of the City of Elgin, hereby certify that I am the chief presiding officer of The City of Elgin, and as such presiding officer I hereby certify that the levy ordinance, a copy of which is appended hereto, was adopted pursuant to, and in all respects in compliance with, the provisions of 35 ILCS 200/18-55 through 35 ILCS 200/18-100 of the "Truth in Taxation Act". The notice and hearing requirements of Section 18 of the Act are applicable. Date: December 18,2024 Zw,t3 eieee.:6. :41"4. David Kaptain, yor, ty of Elgin rjjl • SEAL