Office of the City Clerk - Record #: F2020-62

• Record #: F2020-62
• Type: Communication
• Status: Placed on File
• Intro date: 10/21/2020
• Final action: 10/21/2020
• Title: Estimated 2021 aggregate property tax levy
• Sponsors: Dept./Agency
• Topic: CITY DEPARTMENTS/AGENCIES - Budget & Management, TAXES/TAX LEVIES - Levies - 2021

Date	Journal Page Number	Action By	Action	Result
10/21/2020	22336	City Council	Placed on File

CITY OF CHICAGO

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OFFICE OF BUDGET AND MANAGEMENT

VIA HAND DELIVERY

October 21, 2020

Anna M. Valencia City Clerk Room 107

121 North LaSalle Street Chicago, Illinois 60602

RE: Estimated 2021 aggregate property tax levy

Dear Ms. Valencia:

Pursuant to Section 18-60 ofthe Illinois Truth in Taxation Law, 35 ILCS 200/18-55   seg., the City of Chicago Office of Budget and Management has made the following determinations regarding the amounts of money, exclusive of election costs, estimated to be necessary to be raised by taxation* for the following years upon the taxable property in the City:

2021 amended aggregate property tax levy: $1,508,358,000 (note that an additional $124,568,000 is levied for debt service)

* The Truth in Taxation Law excludes "debt service levies" from the definition of "aggregate levy," and I include debt service levies here solely for transparency and completeness.

Budget Director

121 NORTH LASALLE STREET. ROOM 604. CHICAGO, ILLINOIS 60602

Please place this letter on file. Thank you.