T15-79Ordinance No. T15 -79
AN ORDINANCE
ABATING THE TAX LEVY ORDINANCE OF THE CITY OF ELGIN
FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1979 AND
ENDING DECEMBER 31, 1979
WHEREAS, the City of Elgin has heretofore passed an annual tax levy
ordinance, Ordinance No. T7 -79, levying a general tax against all taxable
property within the corporate limits of the City of Elgin and has caused
certified copies of said ordinance to be filed with the county clerks of
Kane and Cook County, respectively; and
WHEREAS, it is anticipated that the City of Elgin will receive revenues
from the Corporate Personal Property Tax replacement Fund; and
WHEREAS, the receipt of such revenues will reduce the amount required
to be raised by taxes upon real property.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the total amount to be raised by taxation for general
corporate purposes shown on page (15) of ordinance T7 -79, be and is hereby
abated by the sum of $80,808.
Section 2. That the total amount to be raised by taxation for police
pension purposes shown on page (23) of ordinance T7 -79, be and is hereby
abated in the amount of $69,697.
Section 3. That the total amount to be raised by taxation for firemen's
pension purposes shown on page (23) of ordinance T7 -79, be and is hereby
abated in the amount of $79,798.
Section 4. That the total amount to be raised by taxation for the
Municipal Retirement Fund shown on page (16) of ordinance T7 -79, be and is
hereby abated in the amount of $38,484.
Section 5. That the balance of the amount for the purposes described
above shall remain in full force and effect.
Section 6. That the total amount to be raised by taxation shall be
reduced by the amount abated above.
Section 7. That the City Clerk of the City of Elgin be and is hereby
directed to file a certified copy of this ordinance with the County Clerks
of Kane and Cook Counties, respectively.
s/ Richard L. Verbic
Richard er ic, My-or
Presented: December 26, 1979
Passed: December 26, 1979
Vote: Yeas 7 Nays 0
Recorded:
Published:
Attest:
s Nancy L. Johnson
Nancy L. Johnson,-Acting City Clerk