Budget Message / Highlights - Metropolitan Water Reclamation ...

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO
2009 BUDGET
COMPARATIVE STATEMENT OF TAX RATES
2009-2007 ALL FUNDS
TAX RATES
( In Cents)
Per $100 in Equalized Assessed Valuation 2009 2008 2008 2007
FUND AS PASSED AS ADJUSTED FINAL
tax rate limit
Gross Corporate Fund 41 ¢ * 15.52 ¢ 16.91 ¢ 15.34 ¢ 15.00 ¢
Construction Fund 10 ¢ 0.73 - - 0.33
Stormwater Management Fund 5 ¢ 0.57 1.08 0.98 0.25
Retirement Fund 1.72 1.81 1.65 1.59
Reserve Claim Fund ½ ¢ 0.20 0.50 0.45 0.42
Subtotal 18.74 ¢ 20.30 ¢ 18.42 ¢ 17.59 ¢
Bond Redemption & Interest Funds:
Capital Improvement Bonds - Series:
Series C Unlimited Tax - Dec 2002 0.02 ¢ 0.02 ¢ 0.02 ¢ 0.02 ¢
Series D Limited Tax - Dec 2002 1.20 1.32 1.20 0.97
July 2006 Limited Tax 1.44 0.51 0.46 0.46
State Revolving Fund (SRF) Bonds:
Series 1990 A-C, E; 1991 F,G,I,L;
1992 Q,T,U; 1994 R,V; 1997 AA-DD, 2.43 2.66 2.39 2.45
2001 A-C; 2004 A-H
Refunding Bonds - Series:
August 1992 - 1.20 1.09 1.11
July 1997 - 1.42 1.14 1.29
May 2006 Unlimited Tax 1.15 1.27 1.15 1.15
May 2006 Limited Tax 0.17 0.19 0.17 0.17
March 2007 Unlimited Tax Series A 0.62 0.68 0.62 0.59
March 2007 Unlimited Tax Series B 0.32 0.35 0.32 0.22
March 2007 Limited Tax Series C 0.36 0.39 0.36 0.26
Subtotal Bond Redemption & Interest Funds 7.71 ¢ 10.01 ¢ 8.92 ¢ 8.69 ¢
TOTAL 26.45 ¢ 30.31 ¢ 27.34 ¢ 26.28 ¢
* In 2005, the Corporate tax rate limit was reduced from 46¢ to 41¢ and Stormwater Management was added at 5¢.
2007 Equalized Assessed Valuation of $155,972,794,427 was used to adjust 2007 tax rates and for 2008 estimate.
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