Budget Message / Highlights - Metropolitan Water Reclamation ...
Budget Message / Highlights - Metropolitan Water Reclamation ... 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
METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO 2009 BUDGET An Ordinance FOR THE LEVY OF TAXES FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2009 AND ENDING DECEMBER 31, 2009 UPON ALL TAXABLE PROPERTY WITHIN THE TERRITORIAL LIMITS OF THE METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO AS SAID TERRITORIAL LIMITS EXIST ON JANUARY 1, 2009 FOR THE PURPOSE OF PROVIDING REVENUES FOR THE METROPOLITAN WATER RECLAMATION DISTRICT RETIREMENT FUND AND CORPORATE FUND BE IT ORDAINED by the Board of Commissioners of the Metropolitan Water Reclamation District of Greater Chicago: Section 1. That there be and is hereby levied upon all taxable property within the territorial limits of the Metropolitan Water Reclamation District of Greater Chicago, as said territorial limits exist on January 1, 2009, for the fiscal year ending December 31, 2009, the amounts of money hereinafter stated as follows: For the amount certified to the Board of Commissioners of the Metropolitan Water Reclamation District of Greater Chicago by the Retirement Board of the Metropolitan Water Reclamation District Retirement Fund for the purpose of providing the revenue for the Retirement Fund of the Metropolitan Water Reclamation District pursuant to Article 13 of the Illinois Pension Code, the sum of $26,751,300 which includes the sum of $936,296 as a reserve for loss in collection of taxes, distributed as Contributions for Service Retirement Allowances and Spouses’ Allowances...............................$11,600,016 Contributions for Ordinary Disability Benefits .................................................................................1,172,664 Contributions for Expense of Administration....................................................................................1,323,468 Contributions for Duty Disability Benefits...........................................................................................406,597 Contributions for Children’s Annuities ................................................................................................103,514 Contributions for Current and Past Service Requirements ............................................................ 12,145,041 $26,751,300 For Corporate Purposes of said the Metropolitan Water Reclamation District of Greater Chicago “the sum of $242,027,000 which includes the sum of $8,470,945 as a reserve for loss in the collection of taxes.” Section 2. That the Clerk of the Metropolitan Water Reclamation District of Greater Chicago be, and is hereby directed to certify to the County Clerk of Cook County, the several amounts above set forth to be raised by taxation in the year 2009 and to file a certified copy of the Ordinance with the said County Clerk of Cook County and said County Clerk of Cook County aforesaid, is hereby directed to cause the aforesaid amounts of money to be extended upon and against the taxable property within the territorial limits of the Metropolitan Water Reclamation District of Greater Chicago, as said territorial limits exist on January 1, 2009, all in accordance with the laws and statutes of the State of Illinois in such case made and provided, and the Clerk of the Metropolitan Water Reclamation District of Greater Chicago is hereby directed to cause this Ordinance to be published at least once in a newspaper published within the territorial limits of the Metropolitan Water Reclamation District of Greater Chicago and to incur the necessary expenses therefor. Section 3. This Ordinance shall take effect January 1, 2009. Approved as to Form and Legality: Approved: Deputy General Counsel General Counsel President, Board of Commissioners of the Metropolitan Water Reclamation District of Greater Chicago 427 427
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METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO<br />
2009 BUDGET<br />
An Ordinance<br />
FOR THE LEVY OF TAXES FOR THE FISCAL YEAR<br />
BEGINNING JANUARY 1, 2009 AND ENDING DECEMBER 31, 2009<br />
UPON ALL TAXABLE PROPERTY WITHIN THE TERRITORIAL LIMITS OF THE<br />
METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO<br />
AS SAID TERRITORIAL LIMITS EXIST ON JANUARY 1, 2009<br />
FOR THE PURPOSE OF PROVIDING REVENUES FOR<br />
THE METROPOLITAN WATER RECLAMATION DISTRICT<br />
RETIREMENT FUND AND CORPORATE FUND<br />
BE IT ORDAINED by the Board of Commissioners of the <strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District of Greater Chicago:<br />
Section 1. That there be and is hereby levied upon all taxable property within the territorial limits of the <strong>Metropolitan</strong> <strong>Water</strong><br />
<strong>Reclamation</strong> District of Greater Chicago, as said territorial limits exist on January 1, 2009, for the fiscal year ending December 31,<br />
2009, the amounts of money hereinafter stated as follows:<br />
For the amount certified to the Board of Commissioners of the <strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District of Greater Chicago by the<br />
Retirement Board of the <strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District Retirement Fund for the purpose of providing the revenue for<br />
the Retirement Fund of the <strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District pursuant to Article 13 of the Illinois Pension Code, the sum<br />
of $26,751,300 which includes the sum of $936,296 as a reserve for loss in collection of taxes, distributed as<br />
Contributions for Service Retirement Allowances and Spouses’ Allowances...............................$11,600,016<br />
Contributions for Ordinary Disability Benefits .................................................................................1,172,664<br />
Contributions for Expense of Administration....................................................................................1,323,468<br />
Contributions for Duty Disability Benefits...........................................................................................406,597<br />
Contributions for Children’s Annuities ................................................................................................103,514<br />
Contributions for Current and Past Service Requirements ............................................................ 12,145,041<br />
$26,751,300<br />
For Corporate Purposes of said the <strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District of Greater Chicago “the sum of $242,027,000<br />
which includes the sum of $8,470,945 as a reserve for loss in the collection of taxes.”<br />
Section 2. That the Clerk of the <strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District of Greater Chicago be, and is hereby directed to<br />
certify to the County Clerk of Cook County, the several amounts above set forth to be raised by taxation in the year 2009 and<br />
to file a certified copy of the Ordinance with the said County Clerk of Cook County and said County Clerk of Cook County<br />
aforesaid, is hereby directed to cause the aforesaid amounts of money to be extended upon and against the taxable property<br />
within the territorial limits of the <strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District of Greater Chicago, as said territorial limits exist on<br />
January 1, 2009, all in accordance with the laws and statutes of the State of Illinois in such case made and provided, and the<br />
Clerk of the <strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District of Greater Chicago is hereby directed to cause this Ordinance to be<br />
published at least once in a newspaper published within the territorial limits of the <strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District of<br />
Greater Chicago and to incur the necessary expenses therefor.<br />
Section 3. This Ordinance shall take effect January 1, 2009.<br />
Approved as to Form and Legality:<br />
Approved:<br />
Deputy General Counsel<br />
General Counsel<br />
President,<br />
Board of Commissioners of the<br />
<strong>Metropolitan</strong> <strong>Water</strong> <strong>Reclamation</strong> District<br />
of Greater Chicago<br />
427<br />
427