Budget Message / Highlights - Metropolitan Water Reclamation ...

SECTION VIII
TAX LEVY ORDINANCES
The Tax Levy Ordinances are the means by which tax levies, enacted by the Board of Commissioners under authority of the
Illinois Compiled Statutes, are given legal effect.
Each tax levy states the revenue which is to be raised, through the collection of property taxes, to finance the operations of a
specific fund. The gross tax levy, which allows for loss in collection, is presented with the amount of estimated loss, where
applicable. A factor of 3.5 percent, for loss in collection, is used for 2009 levies.
This section includes 2009 Tax Levy Ordinances for the Retirement Fund, Corporate Fund, Construction Fund, Reserve
Claim Fund, and Stormwater Management Fund. A Tax Levy Ordinance, to pay the interest on outstanding bonds and to
discharge the principal thereof, along with a detailed schedule of the 2009 Tax Levy for Payment of Outstanding Bonds, can
be found in this section.
Retirement Fund and Corporate Fund ........................................................................ 427
Construction Fund ..................................................................................................... 428
Bond and Interest Fund:
Tax Levy Ordinance for Outstanding Bonds .................................................429
Tax Levy for Payment of Outstanding Bonds, 2009 ..................................... 431
Reserve Claim Fund ................................................................................................... 432
Stormwater Management Fund ..................................................................................433
TAX LEVY
ORDINANCES