Office of the City Clerk - Record #: O2015-7396

• Record #: O2015-7396
• Type: Ordinance
• Status: Passed
• Intro date: 10/14/2015
• Current Controlling Legislative Body: Committee on Finance
• Final action: 10/28/2015
• Title: Property tax levy for Year 2017
• Sponsors: Emanuel, Rahm
• Topic: TAXES/TAX LEVIES - Levies - 2017

Date	Journal Page Number	Action By	Action	Result
11/2/2015		City Council	Signed by Mayor
10/28/2015	12057	City Council	Passed	Pass
10/21/2015	10258	City Council	Deferred and Published
10/20/2015		Committee on Finance	Recommended to Pass	Pass
10/14/2015	8231	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
• October 14,2015










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Budget Director, I transmit herewith ordinances authorizing a Supplemental Tax Levy for 2015 and Tax Levies for 2016, 2017 and 2018.

Your favorable consideration of these ordinances will be appreciated.

Mayor

Very truly yours,
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 established a funding plan for contributions to the Policemen's Annuity and Benefit Fund and Firemen's Annuity and Benefit Fund (the "public safety pensions") for the year 2017 pursuant to its powers granted by the Constitution and laws of the State of Illinois; and

WHEREAS, pursuant to State law, the City will be required to contribute funding for the public safety pensions for 2017 consistent with the amounts levied pursuant to this ordinance, and

WHEREAS, it is now appropriate and in the best interests of the City of Chicago to enact its tax levy related to the public safety pensions for the year 2017, to become effective as provided herein; and

WHEREAS, it is appropriate that the portion of the tax levy related to the public safety pensions for the year 2017 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 Seven Hundred Three Million, Three Hundred Seven Thousand Dollars ($703,307,000), ascertained by the City Council as the total amount of appropriations hereby legally made and anticipated to be required for public safety pensions to be provided for by the tax levy of the year 2017, is hereby levied for the year 2017 upon all property within the City of Chicago subject to ta...