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Type:
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Ordinance
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Status:
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Passed
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Title:
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Property tax levy for Year 2022
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Topic:
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TAXES/TAX LEVIES - Levies - 2022
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Attachments:
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1. O2021-4759.pdf
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OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT MAYOR
October 14, 2021
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Budget Director, I transmit herewith the Fiscal Year 2022 Tax Levy. Your favorable consideration of this ordinance will be appreciated.
Very truly yours,
ORDINANCE
WHEREAS, the City of Chicago is a home rule unit of government as defined in Article VII, Section 6 (a) ofthe Illinois Constitution, and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the City has adopted its annual appropriation ordinance for the year 2022, pursuant to its powers granted by the constitution and laws ofthe State of Illinois; and
WHEREAS, it is now appropriate and in the best interests of the City of Chicago to enact its tax levy for the year 2022, to become effective as provided herein; and
WHEREAS, it is appropriate that the tax levy for the year 2022 receive expeditious consideration by the City Council; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The sum of One Billion, Seven Hundred and Nine Million, Three Hundred and Eighty Seven Thousand Dollars ($1,709,387,000) ascertained by the City Council as the total amount of appropriations heretofore legally made for all coiporate purposes to be provided for by the'tax levy of the year 2022, is hereby levied for the year 2022 upon all property within the City of Chicago subject to taxation. Tlie purposes for which appropriations have been made and the amounts appropriated for such purposes, respectively, are hereinafter specified in detail in the manner authorized forthe annual appropriation ordinance forthe year 2022, annexed to and made a part of this ordinance. The amounts appropriated and levied for each of said purposes, respectively, are set forth below in separate columns.
Appropriations for Expenditures and Amounts Levied forthe Fiscal Year Beginning January 1, 2022, and Ending December 31, 2022
.* Code Description ;" Amount's Appropriated "Amounts Levied
Amounts lo he levied in 2022 for the payment of bonds, notes and interest on hands and notes '
S594.696.351 S15S.569.7S 1
S1SS.077.450 SO $5,766,219 S5.766.2I9
Bond Redemption and Interest Fund - 051(1
2005.0902 For interest on first lien bonds 2005.0912 For payment of bonds 2005.0960 For loss in eolleciion ol" taxes Specific Purposes - Financial
S5SX.540.000 S 144.1 56.000
Total from Bond Redemption and Interest Fund - 051(1
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Code Description
Library Note Redemption and Interest Rind Tender Notes Series B -0521
2005.0961 For payment of term notes 2005.0960 For loss in collection of taxes |
Amounts Appropriated Amounts Levied
SI 14.582,000 SI 14.5S2.000 S4.774.000 $4,774,000 |
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Specific Purposes - Financial
Total from Library Note Redemption and Interest Fund Tender Notes Series B -0521 |
$119,356,000 $1 19,356,000 |
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r^^--^ , ! . . ■, |
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City Colleges Bond Redemption and Interest Fund-0549
2005.0902 For interest on first lien bonds 2005.0912 For payment of bonds 2005.0960 For loss in collection of taxes |
$25,128,131 S25.128,131 $7,541,870 S7.541.S70 $1,361,999 $1,361,999 |
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Specific Purposes - Financial
Total from City Colleges Bond Redemption and Interest Fund - 0549 |
$34,032,000 $.34,032,000 |
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Code Description
Municipal F.mployees' Annuity and Benefit Fund - 0681
.,„,, ,.n^, For the city's contribution to employees' annuity and benefit 2005.0976 ,. , . kind
,„„. Forthe library's contribution to employees' annuity and benefit 2005.0976 ,.
kind
2005.0960 For loss in collection of taxes |
Amounts Appropriated Amounts Levied
S951,571,000 $159,971,000 $8,428,000 $8,428,000 $7,017,000 7,017.000 |
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Specific Purposes - Financial
Total from Municipal Kmployces' Annuity and Benefit Fund-0681 |
$967,016.000 $ 175.416.000
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A in (»u n t s A p p rop ria t ed
Laborers' and Retirement Board Employees' Annuity and Benefit Fund-0682
For the city's contribution to employees' annuity and benefit fund
2005.0960 For loss in collection of taxes
Specific Purposes - Financial
Total from Laborers' and Retirement Board Employees' Annuity and Benefit Fund-0682
Amounts Appropriated Amounts Levied
Description
Policemen's Annuity and Benefit Fund -0683
For the city's contribution to employees' annuity and benefit fund
2005.0960 For loss in collection of taxes
Specific Purposes - Financial
Total from Policemen's Annuity and Benefit Fund-0683
Amounts Appropriated Amounts Levied
Description
Firemen's Annuity and Benefit Fund-0684
For the city's contribution to employees' annuity and benefit fund
2005.0960 For loss in collection of taxes
Specific Purposes - Financial
Total from Firemen's Annuity and Benefit Fund-0684
SECTION 2. In no event shall the amount levied for any purpose, as set forth in Section 1 hereof, exceed the amount appropriated for such purpose as set forth in the annual appropriation ordinance adopted forthe year 2022.
SECTION 3. No later than ten clays after its effective date, the City Clerk shall file with the County Clerk of Cook County and the County Clerk of Du Page County certified copies of this ordinance together with copies ofthe annual appropriation ordinance for the year 2022.
SECTION 4. This ordinance shall be in full force and effect from and after its passage and approval.
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