HomeMy WebLinkAbout23-221 Resolution No. 23-221
RESOLUTION
ESTIMATING AMOUNT NECESSARY TO BE RAISED BY TAXATION FOR THE YEAR
2023 UPON TAXABLE PROPERTY IN THE CITY OF ELGIN
WHEREAS,the Truth in Taxation Law at 35 ILCS 200/18-55,et seq.,provides in part that
prior to the adoption of its aggregate levy, hereinafter referred to as"levy",the corporate authority
of each taxing district shall determine the amounts of money, exclusive of any portion of that levy
attributable to costs of conducting an election required by the general election law, hereinafter
referred to as"Election Costs"estimated to be necessary to be raised by taxation for that year upon
the taxable property in its district.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
1. That the city council of the City of Elgin being the corporate authority of the City
of Elgin hereby determines that the amount of money, exclusive of any portion of the 2023 levy
attributable to Election Costs, estimated to be necessary to be raised by taxation for the year 2023
upon the taxable property in the City of Elgin is in the amount of$56,312,510.
2. That this resolution shall be in full force and effect upon its passage.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: November 15, 2023
Adopted: November 15, 2023
Vote: Yeas: 9 Nays: 0
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk