CITY OF CHICAGO
*
OFFICE OF BUDGET AND MANAGEMENT
Chicago City Clerk -Council Itiv
October 3, 2022 2022 OCT 3 AM9:17
Anna M. Valencia City Clerk Room 107
121 North LaSalle Street Chicago, Illinois 60602
RE: Estimated 2023 aggregate property tax levy
Dear Ms. Valencia:
Pursuant to Section 18-60 of the Illinois Truth in Taxation Law, 35 ILCS 200/18-55 etseq., 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:
2023 amended aggregate property tax levy: $1,734,387,000 (note that an additional $25,000,000 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.
Susie Park Budget Director
121 NORTH LASALLE STREET. ROOM 604, CHICAGO, ILLINOIS 60602
Please place this letter on file. Thank you.