OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
October 31, 2012
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 2013 Tax Levy.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours.
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ORDINANCE
WHEREAS, the City of Chicago is a home rule unit of government as defined in Article VII, Section 6 (a) of the 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 2013, pursuant to its powers granted by the constitution and laws of the 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 2013, to become effective as provided herein; and
WHEREAS, it is appropriate that the tax levy for the year 2013 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 Eight Hundred Thirty-seven Million, Nine Hundred-four Thousand Dollars ($837,904,000) ascertained by the City Council as the total amount of appropriations heretofore legally made for all corporate purposes to be provided for by the tax levy of the year 2013, is hereby levied for the year 2013 upon all property within the City of Chicago subject to taxation. The purposes for which appropriations have been made and the amounts appropriated for such purposes, respectively, are hereinafter specified in detail in die manner authorized for the annual appropriation ordinance for the year 2013, 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 for the Fiscal Year Beginning January 1, 2013, and Ending December 31, 2013
Code Description Amounts Amounts Levied
Appropriated
Amounts to be levied in 2013 for the ■ payment of bonds, notes and interest on bonds and notes
Bond Redemption and Interest Fund -0510
2005.0902 For interest on first lien bonds 2005.0912 For payment of bonds 2005.0960 For loss in collection of taxes 2005.0900 Specific Purposes - Financial
Total from Bond Redemption and
Interest Fund - 0510
$359,523,000 $156,725,600 $14,819,400 $531,068,000
$198,940,000 $156,725,600 $14,819,400 $370,485,000
Code Description
Library Bond Redemption Fund -0516
2005.0902 For interest on first lien bonds 2005.0912 For payment of bonds 2005.0960 For loss in collection of taxes 2005.0900 Specific Purposes - Financial
Total from Library Bond Redemption
Fund-0516
Amounts Appropriated
$2,783,000 $1,385,000 $172,000 $4,340,000
Amounts Levied
$2,783,000 $1,385,000 $172,000 $4,340,000
Code Description
Library Note Redemption and Interest Fund Tender Notes Series B - 0521 2005.0961 For payment of term notes 2005.0960 For loss in collection of taxes 2005.0900 Specific Purposes - Financial
Total from Library Note Redemption and Interest Fund Tender Notes Scries B -0521
Amounts Appropriated
$72,263,000 $2,968,000 $75,231,000
Amounts Levied
$71,263,000 $2,968,000 $74,231,000
$20,835,000
Code Description
City Colleges Bond Redemption and Interest Fund- 0549
2005.0902 For interest on first lien bonds
Amounts Amounts Levied
Appropriated
$20,835,000
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2005.0912 For payment of bonds $14,334,000 $14,344,000
2005.0960 For loss in collection of taxes $1,463,000 $1,463,000
2005.0900 Specific Purposes - Financial $36,632,000 $36,632,000
Total from City Colleges Bond
Redemption and Interest Fund - 0549
$162,743,000 $122,066,000
Code Description
Municipal Employees' Annuity and Benefit Fund - 0681
2005.0976 For the city's contribution to employees' annuity and benefit fund
- For the library's contribution to employees' annuity and benefit fund
- For the City's contribution to Employees' Annuity and Benefit Fund Pursuant to IRC Section 415 (B)
2005.0900 Specific Purposes - Financial
Total from Municipal Employees' Annuity and Benefit Fund- 0681
Amounts Appropriated
$157,037,182 $405,818 $5,300,000
Amounts Levied
$116,360,182 $405,818 $5,300,000
Code Description
Laborers' and Retirement Board Employees' Annuity and Benefit Fund - 0682
2005.0976 For the city's contribution to employees'
annuity and benefit fund 2005.0900 Specific Purposes - Financial
Total from Laborers' and Retirement
Board Employees' Annuity and
Benefit Fund- 0682
Amounts Amounts Levied
$10,486,000 $10,486,000
Appropriated
$14,616,000 $14,616,000
Code Description
Policemen's Annuity and Benefit Fund -0683
Amounts Amounts Levied
Appropriated
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2005.0976 For the city's contribution to employees' $192,564,000 $138,146,000
annuity and benefit fund
2005.0900 Specific Purposes - Financial $192,564,000 $138,146,000
Total from Policemen's Annuity and
Benefit Fund- 0683
Code Description Amounts Amounts Levied
Appropriated
Firemen's Annuity and Benefit Fund -0684
2005.0916 For expenditures pursuant to 40 ILCS 5/6 $1,364,000 $1,364,000
-211(g)
2005.0976 For the city's contribution to employees' $108,168,000 $80,154,000
annuity and benefit fund
2005.0900 Specific Purposes - Financial $109,532,000 $81,518,000
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 for the year 2013.
SECTION 3. No later than ten days 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 of the annual appropriation ordinance for the year 2013.
SECTION 4. This ordinance shall be in full force and effect from and after its passage and approval.
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