HomeMy WebLinkAbout25-208 Resolution No. 25-208
RESOLUTION
REGARDING THE DETERMINATION OF THE AMOUNT ESTIMATED TO BE
NECESSARY TO BE RAISED BY TAXATION FOR THE YEAR 2025 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, determined in open meeting on Wednesday, November 19, 2025, that the amount of
money, exclusive of any portion of the 2025 levy attributable to Election Costs, estimated to be
necessary to be raised by taxation for the year 2025 upon the taxable property in the City of Elgin
is in the amount of$65,611,940.00.
2. That this resolution shall be in full force and effect upon its passage.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: December 3, 2025
Adopted: December 3, 2025
Vote: Yeas: 8 Nays: 1
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk