2007-081F
ORDINANCE NO. 2007- 81
AN ORDINANCE ABATING TAXES LEVIED FOR THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS
WHEREAS, the Village did on the 4th day of December, 2007 pass and approve Ordinance No. 2007 -76, which
ordinance provided for the levy of a direct tax on all property in the Village for the year 2008 for general corporate,
pension and debt service purposes in the Village of Buffalo Grove, in the amount of $12,757,780, a certified copy of
which was filed with the County Clerks of Cook and Lake Counties, Illinois, and;
WHEREAS, the Village has sufficient funds on hand to pay either a portion, or the entire amount, of the taxes
levied in certain sections, as identified below, of Ordinance No. 2007 -76 for the fiscal year commencing January 1 st,
2008.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS the following:
Section 1. Section 6 provided for the levy of a direct tax on all property in the Village for the year 2007 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds -Series 2001 -A issued to fund the
construction of certain capital facilities at the Arboretum Golf Club (maintenance building and club house), in the Village
of Buffalo Grove in an amount equal to $205,092.50 and the Village has sufficient funds on hand to pay $225,000 of the
amount of the tax levied for the fiscal year commencing Januarylst, and the levy of the entire $430,092.50 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$205,092.50 and abate and not spread the sum of $225,000.00 hitherto provided for and levied in the ordinance
providing for the issuance of $4,500,000 of Corporate Purpose General Obligation Bonds - Series 2001 -A of the Village
of Buffalo Grove, being Ordinance No. 2001 -08, passed and approved on March 5, 2001, certified copies of which were
fled with the County Clerks of Cook and Lake Counties, Illinois.
Section 2. Section 7 provided for the levy of a direct tax on all property in the Village for the year 2007 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2001 -B issued for the
purpose of advance refunding certain maturities of the Corporate Purpose General Obligation Bonds Series 1992
(facilities development), Series 1994 (facilities development -Metra station) and Series 1995 (street maintenance), in the
Village of Buffalo Grove in an amount equal to $639,587.50 and the Village has sufficient funds on hand to pay
$248,367.50 of the amount of the tax levied for the fiscal year commencing Januarylst, and the levy of the entire
$639,587.50 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$391,220.00 and abate and not spread the sum of $248,367.50 hitherto provided for and levied in the ordinance
providing for the issuance of $5,485,000 of Corporate Purpose General Obligation Bonds -Series 2001 -B ofthe Village of
Buffalo Grove, being Ordinance No. 2001 -09, passed and approved on March 5, 2001, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 3. Section 8 provided for the levy of a direct tax on all property in the Village for the year 2007 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds -Series 2002 -B issued to fund the
construction of certain capital facilities at the Arboretum Golf Club (maintenance building and club house), in the Village
of Buffalo Grove in an amount equal to $145,962.50 and the Village has sufficient funds on hand to pay $145,962.50 of
the amount of the tax levied for the fiscal year commencing January 1st, and the levy of the entire $145,962.50 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$0.00 and abate and not spread the sum of $145,962.50 hitherto provided for and levied in the ordinance providing for
the issuance of $1,000,000 of Corporate Purpose General Obligation Bonds - Series 2002 -B of the Village of Buffalo
Grove, being Ordinance No. 2002 -11, passed and approved on February 19, 2002, certified copies of which were filed
with the County Clerks of Cook and Lake Counties, Illinois.
Section 4. Section 9 provided for the levy of a direct tax on all property in the Village for the year 2007 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds -Series 2003 issued to fund the
construction of certain capital improvements (street and highway commitments), in the Village of Buffalo Grove in an
amount equal to $310,670.00 and the Village has sufficient funds on hand to pay $165,670.00 of the amount of the tax
levied for the fiscal year commencing January 1 st, and the levy of the entire $310,670.00 is unnecessary.
VILLAGE OF BUFFALO GROVE
HISTORIC DEBT SERVICE ANALYSIS -
CORPORATE PURPOSE TAX SUPPORTED DEBT SERVICE
TAX
GROSS LEVY
NET TAX
FINAL TAX
ASSESSED
FINAL TAX
PERCENT
YEAR
DEBT
LEVY -DEBT
EXTENSION
VALUATION
RATE -DEBT
ABATED
2006
1,918,326
972,589
1,015,724
1,677,222,407
0.0910
49.30%
2005
1,891,540
882,210
872,585
1,608,264,793
0.0543
53.36%
2004
2,043,938
818,459
930,022
1,492,778,540
0.0623
59.96%
2003
1,913,172
713,891
738,220
1,393,418,384
0.0530
62.69%
2002
1,542,983
696,540
755,005
1,319,372,268
0.0572
54.86%
2001
1,855,425
696,602
689,049
1,216,666,375
0.0566
62.46%
2000
1,749,308
697,153
684,771
1,108,908,809
0.0618
60.15%
1999
2,653,077
538,760
562,853
1,075,675,784
0.0523
79.69%
1998
2,855,561
262,701
292,629
1,025,454,314
0.0285
90.80%
1997
3,165,880
390,295
411,494
965,036,161
0.0426
87.67%
1996
3,065,655
612,633
618,905
927,245,509
0.0667
80.02%
1995
4,185,474
492,910
501,903
862,362,086
0.0582
88.22%
1994
5,181,062
842,139
847,876
783,524,174
0.1082
83.75%
1993
4,198,418
1,054,823
1,087,305
751,640,940
0.1447
74.88%
1992
5,201,876
1,292,116
1,270,778
699,380,664
0.1817
75.16%
1991
4,896,295
1,651,578
1,664,336
628,853,041
0.2647
66.27%
1990
4,921,091
1,418,666
1,489,578
556,273,807
0.2678
71.17%
1989
4,919,843
1,764,277
1,757,973
465,231,179
0.3779
64.14%
1988
4,610,785
1,447,973
1,470,493
367,085,237
0.4006
68.60%
1987
4,356,095
1,338,272
1,326,881
305,732,926
0.4340
69.28%
1986
4,213,745
1,366,577
1,371,616
250,558,340
0.5474
67.57%
1985
3,793,301
1,232,688
1,232,599
215,037,896
0.5732
67.50%
1984
4,303,399
1,457,611
1,438,422
196,116,981
0.7335
66.13%
1983
2,410,971
937,059
936,674
176,467,417
0.5308
61.13%
1982
2,561,839
125,573
116,815
174,764,181
0.0668
95.10%
1981
390,579
263,829
251,454
165,678,777
0.1518
32.45%
1980
194,914
108,929
109,618
154,956,825
0.0707
44.11%
VILLAGE OF BUFFALO GROVE
ANALYSIS OF DEBT SERVICE SELF SUFFICIENCY
GENERAL OBLIGATION DEBT -ALL ISSUES -LAST TEN TAX YEARS
TAX
CORP PURP
SERIES -84
CORP PURP
SERIES -86
CORP PURP
SERIES -89
CORP PURP
SERIES -93A/B
CORP PURP
SERIES -94
CORP PURP
SERIES -95
YEAR
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
1998
1,288,300
1,288,300
0
0
0
0
694,708
603,139
302,025
256,150
262,300
215,000
1999
0
0
0
0
0
0
690,308
507,473
142,425
73,000
356,900
175,000
2000
0
0
0
0
0
0
699,308
369,880
239,925
94,500
246,100
160,000
2001
0
0
0
0
0
0
700,988
458,786
232,425
165,425
240,700
207,600
2002
0
0
0
0
0
0
0
0
0
0
52,700
26,700
2003
0
0
0
0
0
0
0
0
0
0
0
0
2004
0
0
0
0
0
0
0
0
0
0
0
0
2005
0
0
0
0
0
0
0
0
0
0
0
0
2006
0
0
0
0
0
0
0
0
0
0
0
0
2007
0
0
0
0
0
0
0
0
0
0
0
0
TOTAL
1,288,300
1,288,300
0
0
0
0
2,785,312
1,939,278
916,800
589,075
1,158,700
784,300
TAX
CORP PURP
SERIES -98
CORP PURP
SERIES -01A/B
CORP PURP
SERIES -02A/B
CORP PURP
SERIES -03
TOTAL
TOTAL
PERCENT
YEAR
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
1998
47,490
47,490
0
0
0
0
0
0
2,332,523
2,195,079
94.11%
1999
1,203,844
1,203,844
0
0
0
0
0
0
2,036,577
1,784,317
87.61%
2000
304,875
304,875
0
0
0
0
0
0
1,244,108
769,255
61.83%
2001
0
0
681,313
327,013
0
0
0
0
1,614,726
951,224
58.91%
2002
0
0
781,267
354,267
709,015
0
0
0
1,490,282
354,267
23.77%
2003
0
0
811,448
418,301
822,015
465,475
279,709
170,000
1,913,172
1,053,776
55.08%
2004
0
0
939,573
434,573
804,440
610,980
299,925
144,200
2,043,938
1,189,753
58.21%
2005
0
0
1,111,608
478,593
476,678
380,738
303,255
150,000
1,891,541
1,009,330
53.36%
2006
0
0
1,134,488
407,645
477,544
381,798
306,295
156,295
1,918,326
945,738
49.30%
2007
0
0
1,069,680
473,368
145,963
145,963
310,670
165,670
1,526,313
785,000
51.43%
TOTAL
1,556,209
1,556,209
6,529,377
2,893,759
3,435,654
1,984,953
1,499,854
786,165
18,011,505
11,037,739
61.28%
VILLAGE OF BUFFALO GROVE
FINAL DISTRIBUTION OF 2007 PROPERTY TAX LEVY; AFTER TAX ABATEMENT CONSIDERATION
WITH ESTIMATED ASSESSED VALUATION; PRIOR TO CONSIDERATION OF PRIOR YEAR TAX ADJUSTMENTS
PERCENTAGE OF DISTRIBUTION FOR
LEVY PURPOSES. BASED ON FINAL
PERCENT OF TAX DISTRIBUTION
USED FOR PROPERTY TAX
REAPPORTIONMENT -(2006 LEVY)
COOK
EXTENSION
24.20%
COOK
RATE
LAKE
EXTENSION
75.80%
LAKE
RATE
TOTAL
EXTENSION
100.00%
WEIGHTED
RATE
FUND
DISTRIBUTION
PERCENTAGE
TAX LEVIES:
387,118,486
ESTIMATED /FINAL
RATES:
2007
2006
CORPORATE
350,763.43
0.0906
1,098,672.22
0.0801
1,449,435.65
0.0824
20.73%
CORPORATE- VEHICLE STICKERS
145,200.00
0.0375
454,800.00
0.0332
600,000.00
0.0341
8.58%
STREET AND BRIDGE
158,214.41
0.0409
495,564.13
0.0361
653,778.54
0.0372
9.35%
STREET LIGHTING
53,666.08
0.0139
168,094.58
0.0123
221,760.66
0.0126
3.17%
POLICE PROTECTION
118,931.45
0.0307
372,520.84
0.0272
491,45219
0.0279
7.03%
FIRE PROTECTION
850,460.44
0.2197
2,663,838.91
0.1942
3,514,299.35
0.1998
50.27%
ESDA
2,938.49
0.0008
9,204.04
0.0007
12,142.53
0.0007
0.17%
CROSSING GUARD
11,599.30
0.0030
36,331.68
0.0026
47,930.98
0.0027
0.69%
SUB - TOTAL: CORPORATE
1,691,773.60
0.4370
5,299,026.40
0.3863
6,990,800.00
0.3975
58.39%
IMRF
317,432.85
0.0820
994,273.15
0.0725
1,311,706.00
0.0746
10.96%
ARBORETUM GOLF COURSE- SERIES -02A
0.00
0.0000
0.00
0.0000
0.00
0.0000
0.00%
ARBORETUM GOLF COURSE- SERIES -02B
0.00
0.0000
0.00
0.0000
0.00
0.0000
0.00%
CORP PURP BONDS - FACILITIES -01A
49,632.39
0.0128
155,460.12
0.0113
205,092.50
0.0117
1.71%
CORP PURP BONDS - FACILITIES -01B
94,675.24
0.0245
296,544.76
0.0216
391,220.00
0.0222
3.27%
CORP PURP BONDS - FACILITIES -02A
0.00
0.0000
0.00
0.0000
0.00
0.0000
0.00%
CORP PURP BONDS - FACILITIES -03
35,090.00
0.0091
109,910.00
0.0080
145,000.00
0.0082
1.21%
POLICE PENSION
385,802.93
0.0997
1,208,424.07
0.0881
1,594,227.00
0.0906
13.32%
FIRE PENSION
323,005.63
0.0834
1,011,728.37
0.0738
1,334,734.00
0.0759
11.15%
TOTAL
2,897,412.64
0.7485
9,075,366.86
0.6616
11,972,779.50
0.6807
100.00%
ESTIMATED E.A.V.
COOK
387,118,486
ESTIMATED /FINAL
RATES:
2007
2006
LAKE
1,371,681,889
CORPORATE AND DEBT SERVICE
0.4396
0.4189
TOTAL
1,758,800,375
PENSION OBLIGATIONS
0.2411
0.2423
NET LEVY REQUEST (AFTER ABATEMENT)
ANALYSIS -2007 VS 2006, BY LEVY
CATEGORY:
2007 REQUEST
2006 REQUEST
CHANGE -$
CHANGE -% 2006 EXTENSION
CHANGE -%
CHANGE -$
CORPORATE
6,990,800.00
5,759,272.00
1,231,528.00
21.38%
5,930,583.83
17.88%
1,060,216.17
SPECIAL PURPOSE /IMRF
1,311,706.00
1,160,000.00
151,706.00
13.08%
1,206,040.70
8.76%
105,665.30
PENSION
2,928,961.00
2,727,525.00
201,436.00
7.39%
2,809,356.32
4.26%
119,604.68
DEBT SERVICE
741,312.50
972,589.00
(231,276.50)
- 23.78%
1,015,724.36
- 27.02%
(274,411.86)
TOTAL
11,972,779.50
10,619,386.00
1,353,393.50
12.74%
10,961,705.21
9.22%
1,011,074.29
FINAL EXTENSION -2006 LEVY
10,961,705.21
1,011,074.29
9.22%
FINAL RATE
INITIAL 2007 LEVY -GROSS
12,680,498.50
(707,719.00)
-5.58%
0.6536
ABATEMENTS RECOMMENDED:
2007 LEVY
2006 LEVY
CHANGE
CORPORATE
0.00
0.00
0.00
SPECIAL PURPOSE/IMRF
0.00
0.00
0.00
PENSION
0.00
0.00
0.00
DEBT SERVICE
785,000.00
945,737.00
(160,737.00)
TOTAL
785,000.00
945,737.00
(160,737.00)
LEVY TO ABATEMENT RECONCILEMENT:
ESTIMATED EXTENSION -NET OF PRIOR YEAR COLLECTION ADJUSTMENTS:
NET LEVY REQUEST - 2007/2006 CHANGE
1,353,393.50
COOK
LAKE
TOTAL
NET CHANGE - ABATEMENTS - 2007/2008
(160,737.00)
LEVY
3,087,382.64
9,670,396.86
12,757,779.50
GROSS LEVY REQUEST - 2007/2008
1,192,656.50
ABATEMENT
(189,970.00)
(595,030.00)
(785,000.00)
CHANGE
ADJUSTMENT
0.00
(27,610.40)
(27,610.40)
VARIANCE -LEVY TO ABATEMENT
0.00
NET
2,897,412.64
9,047,756.46
11,945,169.10
EST RATE -2007
0.7485
0.6596
0.6792
FINAL -2006
0.7310
0.6330
0.6536
CHANGE
0.0175
0.0266
0.0256
VILLAGE OF BUFFALO GROVE
ESTIMATED DISTRIBUTION OF 2007 PROPERTY TAX LEVY
PRIOR TO TAX ABATEMENT CONSIDERATION; WITH ESTIMATED ASSESSED VALUATION
PERCENTAGE OF DISTRIBUTION FOR
LEVY PURPOSES. BASED ON FINAL
PERCENT OF TAX DISTRIBUTION
COOK
COOK
LAKE
LAKE
TOTAL
WEIGHTED
USED FOR PROPERTY TAX
LEVY
RATE
LEVY
RATE
LEVY
RATE
REAPPORTIONMENT -(2006 LEVY)
24.20%
0.4843
75.80%
TOTAL
100.00%
PENSION OBLIGATIONS
TAX LEVIES:
0.2411
0.2351
CORPORATE
350,763.43
0.0906
1,098,672.22
0.0801
1,449,435.65
0.0824
CORPORATE - VEHICLE STICKERS
145,200.00
0.0375
454,800.00
0.0332
600,000.00
0.0341
STREET AND BRIDGE
158,214.41
0.0409
495,564.13
0.0361
653,778.54
0.0372
STREET LIGHTING
53,666.08
0.0139
168,094.58
0.0123
221,760.66
0.0126
POLICE PROTECTION
118,931.45
0.0307
372,520.84
0.0272
491,452.29
0.0279
FIRE PROTECTION
850,460.44
0.2197
2,663,838.91
0.1942
3,514,299.35
0.1998
ESDA
2,938.49
0.0008
9,204.04
0.0007
12,142.53
0.0007
CROSSING GUARD
11,599.30
0.0030
36,331.68
0.0026
47,930.98
0.0027
SUB- TOTAL:CORPORATE
1,691,773.60
0.4370
5,299,026.40
0.3863
6,990,800.00
0.3975
IMRF
317,432.85
0.0820
994,273.15
0.0725
1,311,706.00
0.0746
ARBORETUM GOLF COURSE - SERIES -02A
0.00
0.0000
0.00
0.0000
0.00
0.0000
ARBORETUM GOLF COURSE- SERIES -02B
35,322.93
0.0091
110,639.58
0.0081
145,962.50
0.0083
CORP PURP BONDS - FACILITIES -01A
104,082.39
0.0269
326,010.12
0.0238
430,092.50
0.0245
COPR PURP BONDS- FACILITIES -01B
154,780.18
0.0400
484,807.33
0.0353
639,587.50
0.0364
CORP PURP BONDS - FACILITIES -02A
0.00
0.0000
0.00
0.0000
0.00
0.0000
CORP PURP BONDS - FACILITIES -03
75,182.14
0.0194
235,487.86
0.0172
310,670.00
0.0177
POLICE PENSION
385,802.93
0.0997
1,208,424.07
0.0881
1,594,227.00
0.0906
FIRE PENSION
323,005.63
0.0834
1,011,728.37
0.0738
1,334,734.00
0.0759
TOTAL
3,087,382.64
0.7975
9,670,396.86
0.7050
12,757,779.50
0.7254
ESTIMATED E.A.V.
COOK
387,118,486
INITIAL RATES:
2007
2006
LAKE
1,371,681,889
CORPORATE AND DEBT SERVICE
0.4843
0.4644
TOTAL
1,758,800,375
PENSION OBLIGATIONS
0.2411
0.2351
0.7254
0.6995
GROSS, PRE- ABATEMENT LEVY ANALYSIS -2007 VS 2006, BY LEVY CATEGORY:
2007 REQUEST
2006 REQUEST CHANGE -$
CHANGE -%
RATE
CORPORATE
6,990,800.00
5,759,272.00 1,231,528.00
21.38%
0.3975
SPECIAL PURPOSE -IMRF
1,311,706.00
1,160,000.00 151,706.00
13.08%
0.0746
PENSION
2,928,961.00
2,727,525.00 201,436.00
7.39%
0.1665
DEBT SERVICE
1,526,312.50
1,918,326.00 (392,013.50)
- 20.44%
0.0868
TOTAL
12,757,779.50
11,565,123.00 1,192,656.50
10.31%
0.7254
VILLAGE OF BUFFALO GROVE
FINAL DISTRIBUTION OF 2006 PROPERTY TAX LEVY
AFTER TAX ABATEMENT CONSIDERATION; WITH FINAL ASSESSED VALUATION
PERCENTAGE OF DISTRIBUTION FOR
LEVY PURPOSES. BASED ON FINAL
PERCENT OF TAX DISTRIBUTION
COOK
COOK
LAKE
LAKE
TOTAL
WEIGHTED
PERCENT OF
USED FOR PROPERTY TAX
EXTENSION
RATE
EXTENSION
RATE
EXTENSION
RATE
EXTENSION
REAPPORTIONMENT -(2006 LEVY)
24.20%
2,809,356.32
76.06%
258,001.44
100.26%
DEBT SERVICE
1,015,724.36
TAX LEVIES:
143,138.91
16.40%
TOTAL
10,961,705.21
10,183,440.53
778,264.68
7.64%
CORPORATE
316,101.14
0.0898
1,028,955.27
0.0776
1,345,056.41
0.0802
22.68%
STREET AND BRIDGE
142,580.01
0.0405
464,118.71
0.0350
606,698.72
0.0362
10.23%
STREET LIGHTING
48,362.92
0.0137
157,428.34
0.0119
205,791.26
0.0123
3.47%
POLICE PROTECTION
107,178.91
0.0305
348,882.98
0.0263
456,061.89
0.0272
7.69%
FIRE PROTECTION
766,419.83
0.2178
2,494,808.22
0.1882
3,261,228.05
0.1944
54.99%
ESDA
2,648.11
0.0008
8,620.01
0.0007
11,268.12
0.0007
0.19%
CROSSING GUARD
10,453.08
0.0030
34,026.30
0.0026
44,479.38
0.0027
0.75%
SUB - TOTAL: CORPORATE
1,393,744.00
0.3960
4,536,839.83
0.3423
5,930,583.83
0.3536
54.10%
IMRF
280,720.00
0.0798
925,320.70
0.0698
1,206,040.70
0.0719
11.00%
ARBORETUM GOLF COURSE - SERIES -02A
22,124.17
0.0063
72,146.50
0.0054
94,270.67
0.0056
0.86%
ARBORETUM GOLF COURSE - SERIES -02B
0.00
0.0000
0.00
0.0000
0.00
0.0000
0.00%
CORP PURP BONDS - FACILITIES -01A
55,053.18
0.0156
182,044.05
0.0137
237,097.23
0.0141
2.16%
CORP PURP BONDS - FACILITIES -01 B
123,572.57
0.0351
400,161.35
0.0302
523,733.92
0.0312
4.78%
CORP PURP BONDS - FACILITIES -02A
1,029.03
0.0003
3,355.65
0.0003
4,384.68
0.0003
0.04%
CORP PURP BONDS - FACILITIES -03A
36,273.35
0.0103
119,964.51
0.0091
156,237.86
0.0093
1.43%
POLICE PENSION
346,000.00
0.0983
1,127,498.66
0.0851
1,473,498.66
0.0879
13.44%
FIRE PENSION
314,062.00
0.0892
1,021,795.66
0.0771
1,335,857.66
0.0796
12.19%
TOTAL
2,572,578.30
0.7310
8,389,126.91
0.6330
10,961,705.21
0.6536
100.00%
FINAL EA.V.
COOK
351,925,896
FINAL RATES:
LAKE
1,325,296,511
CORPORATE AND DEBT SERVICE
0.4142
TOTAL
1,677,222,407
PENSION OBLIGATIONS
0.2394
NET, POST - ABATEMENT LEVY ANALYSIS -2006 VS 2005 EXTENSION, BY LEVY CAPACITY:
06 EXTENSION
05 EXTENSION
CHANGE -$
CHANGE -%
CORPORATE
5,930,583.83
5,604,602.98
325,980.85
5.82%
SPECIAL PURPOSEAMRF
1,206,040.70
1,154,897.22
51,143.48
4.43%
PENSION
2,809,356.32
2,551,354.88
258,001.44
10.11%
DEBT SERVICE
1,015,724.36
872,585.45
143,138.91
16.40%
TOTAL
10,961,705.21
10,183,440.53
778,264.68
7.64%
VILLAGE OF BUFFALO GROVE
PROPERTY TAX LEVIES /ABATEMENTS
TAX LEVIES FOR CALENDAR YEARS -
1977 THROUGH 2006 W/2007 ESTIMATE
VILLAGE -WIDE TAX RATE -2006 $.6536
TAX YEAR
GROSS TAX LEVY
TOTAL ABATEMENTS
PERCENT OF LEVY
PER $100 A.E.V.
2007
12,757,779.50
785,000.00
6.15%
0.0446
2006
11,565,123.00
945,737.50
8.18%
0.0564
2005
11,407,442.00
1,009,330.00
8.85%
0.0628
2004
10,695,888.50
1,080,478.25
10.10%
0.0724
2003
10,385,583.00
1,482,544.00
14.28%
0.1064
2002
9,314,958.00
876,442.50
9.41%
0.0664
2001
9,328,325.00
1,326,163.00
14.22%
0.1090
2000
8,964,852.50
1,237,155.00
13.80%
0.1116
1999
9,433,325.25
2,259,316.25
23.95%
0.2100
1998
9,462,175.00
2,779,798.00
29.38%
0.2711
1997
9,402,543.00
2,840,085.00
30.21%
0.2944
1996
9,263,086.00
2,690,475.00
29.05%
0.2902
1995
9,808,585.00
3,692,565.00
37.65%
0.4282
1994
10,457,746.50
4,338,923.00
41.49%
0.5455
1993
9,100,076.00
3,143,595.00
34.54%
0.4182
1992
9,872,467.83
3,909,760.00
39.60%
0.5590
1991
9,150,148.00
3,244,717.50
35.46%
0.5160
1990
8,239,828.50
3,502,425.50
42.51%
0.6296
1989
7,981,876.00
3,155,566.00
39.53%
0.6783
1988
7,430,251.00
3,162,812.50
42.57%
0.8616
1987
6,967,491.00
3,017,822.50
43.31%
0.9871
1986
6,787,077.00
2,913,560.50
42.93%
1.1628
1985
6,322,081.00
2,665,613.00
42.16%
1.2396
1984
6,582,234.00
2,960,788.00
44.98%
1.5097
1983
4,595,220.00
1,475,913.00
32.12%
0.8364
1982
4,333,846.00
2,211,266.00
51.02%
1.2653
1981
2,349,911.00
200,905.00
8.55%
0.1213
1980
1,913,797.00
301,408.00
15.75%
0.1945
1979
1,087,661.00
170,940.00
15.72%
0.1380
1978
945,976.00
168,020.00
17.76%
0.1574
1977
826,565.00
175,100.00
21.18%
0.1987
TOTAL 236,733,918.58 63,724,225.00 26.92% - - --
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$145,000.00 and abate and not spread the sum of $165,670.00 hitherto provided for and levied in the ordinance
providing for the issuance of $2,600,000 of Corporate Purpose General Obligation Bonds - Series 2003 ofthe Village of
Buffalo Grove, being Ordinance No. 2003 -23, passed and approved on March 17, 2003, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 5. The following represents a summary of the amounts levied and, if applicable, abated for the year 2007
as part of Village Ordinance No. 2007 -76:
Levy
Corporate Purpose
Illinois Municipal
Retirement Fund
Police Pension
Fire Pension
Corporate Purpose Bonds
Series 2001 -A
Corporate Purpose Bonds
Series 2001 -B
Corporate Purpose Bonds
Series 2002 -B
Corporate Purpose Bonds
Series 2003
Total
Section
Levy
Abatement
Net Levy
2
$ 6,990,800.50
$ 0.00
$ 6,990,800.50
3
1,311,706.00
0.00
1,311,706.00
4
1,594,227.00
0.00
1,594,227.00
5
1,334,734.00
0.00
1,334,734.00
6
430,092.50
225,000.00
205,092.50
7
639,587.50
248,367.50
391,220.00
8
145,962.50
145,962.50
0
9
310,670.00
165,670.00
145,000.00
$ 12,757,780.00
$ 785,000.00
$11,972,780.00
Section 6. The Village Clerk is hereby authorized and directed to file a certified copy of this ordinance with the
County Clerks of Cook and Lake Counties, Illinois.
Section 7. This ordinance shall be in full force and effect from and after its passage and approval in the manner
provided by law. This ordinance shall not be codified.
AYES: 5 — Glover, Berman, Kahn, Trilling, Rubin
NAYES: 0 — None
ABSENT: 1 — Braiman
PASSED: December 17 ,2007 APPROVED: December 17 2007
Vfflage President
ATTEST:
Villag erk
F
STATE OF ILLINOIS) ss.
COUNTY OF COOK )
CERTIFICATE
I, Janet M. Sirabian, certify that I am the duly elected
and acting Village Clerk of the Village of Buffalo
Grove, Cook , and Lake Counties, Illinois. I further
certify that on, December 17, 2007 the Corporate
Authorities of the Village passed and approved
Ordinance No. 2007 -81 entitled: AN ORDINANCE
ABATING TAXES LEVIED FOR THE Village of Buffalo
Grove, COOK AND LAKE COUNTIES, ILLINOIS provided
by its terms that it should be published in pamphlet
form.
The pamphlet form of Ordinance No , +.2007 -81;
including the Ordinance and a sheet ;thereof, was.
prepared, and a copy of such Ordinance was - posted ,
in and at the Village Hall, commencing on.December
18, 2007 and continuing for at : least :'ten days
thereafter. Copies of such Ordinance were also
available for public inspection upon request in the
Office of Village Clerk.
Dated at Buffalo Grove, Illinois, this 18th day of -
December, 2007.
VillAie Clerk
By
M
ORDINANCE NO. 2007- 81
AN ORDINANCE ABATING TAXES LEVIED FOR THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS
WHEREAS, the Village did on the 4th day of December, 2007 pass and approve Ordinance No. 2007 -76, which
ordinance provided for the levy of a direct tax on all property in the Village for the year 2008 for general corporate,
pension and debt service purposes in the Village of Buffalo Grove, in the amount of $12,757,780, a certified copy of
which was filed with the County Clerks of Cook and Lake Counties, Illinois, and;
WHEREAS, the Village has sufficient funds on hand to pay either a portion, or the entire amount, of the taxes
levied in certain sections, as identified below, of Ordinance No. 2007 -76 for the fiscal year commencing January 1 st,
2008.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS the following:
Section 1. Section 6 provided for the levy of a direct tax on all property in the Village for the year 2007 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds -Series 2001 -A issued to fund the
construction of certain capital facilities at the Arboretum Golf Club (maintenance building and club house), in the Village
of Buffalo Grove in an amount equal to $205,092.50 and the Village has sufficient funds on hand to pay $225,000 ofthe
amount of the tax levied for the fiscal year commencing Januarylst, and the levy of the entire $430,092.50 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$205,092.50 and abate and not spread the sum of $225,000.00 hitherto provided for and levied in the ordinance
providing for the issuance of $4,500,000 of Corporate Purpose General Obligation Bonds -Series 2001 -A ofthe Village
of Buffalo Grove, being Ordinance No. 2001 -08, passed and approved on March 5, 2001, certified copies ofwhich were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 2. Section 7 provided for the levy of a direct tax on all property in the Village for the year 2007 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds -Series 2001 -B issued for the
purpose of advance refunding certain maturities of the Corporate Purpose General Obligation Bonds Series 1992
(facilities development), Series 1994 (facilities development -Metra station) and Series 1995 (street maintenance), in the
Village of Buffalo Grove in an amount equal to $639,587.50 and the Village has sufficient funds on hand to pay
$248,367.50 of the amount of the tax levied for the fiscal year commencing Januarylst, and the levy of the entire
$639,587.50 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$391,220.00 and abate and not spread the sum of $248,367.50 hitherto provided for and levied in the ordinance
providing for the issuance of $5,485,000 of Corporate Purpose General Obligation Bonds -Series 2001 -B ofthe Village of
Buffalo Grove, being Ordinance No. 2001 -09, passed and approved on March 5, 2001, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 3. Section 8 provided for the levy of a direct tax on all property in the Village for the year 2007 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds -Series 2002 -B issued to fund the
construction of certain capital facilities at the Arboretum Golf Club (maintenance building and club house), in the Village
of Buffalo Grove in an amount equal to $145,962.50 and the Village has sufficient funds on hand to pay $145,962.50 of
the amount of the tax levied for the fiscal year commencing January 1 st, and the levy of the entire $145,962.50 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$0.00 and abate and not spread the sum of $145,962.50 hitherto provided for and levied in the ordinance providing for
the issuance of $1,000,000 of Corporate Purpose General Obligation Bonds - Series 2002 -B of the Village of Buffalo
Grove, being Ordinance No. 2002 -11, passed and approved on February 19, 2002, certified copies of which were filed
with the County Clerks of Cook and Lake Counties, Illinois.
Section 4. Section 9 provided for the levy of a direct tax on all property in the Village for the year 2007 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds -Series 2003 issued to fund the
construction of certain capital improvements (street and highway commitments), in the Village of Buffalo Grove in an
amount equal to $310,670.00 and the Village has sufficient funds on hand to pay $165,670.00 of the amount of the tax
levied for the fiscal year commencing January l st, and the levy of the entire $310,670.00 is unnecessary.
VILLAGE OF BUFFALO GROVE
HISTORIC DEBT
SERVICE ANALYSIS -
CORPORATE PURPOSE TAX SUPPORTED DEBT SERVICE
TAX
GROSS LEVY
NET TAX
FINAL TAX
ASSESSED
FINAL TAX
PERCENT
YEAR
DEBT
LEVY -DEBT
EXTENSION
VALUATION
RATE -DEBT
ABATED
2006
1,918,326
972,589
1,015,724
1,677,222,407
0.0910
49.30%
2005
1,891,540
882,210
872,585
1,608,264,793
0.0543
53.36%
2004
2,043,938
818,459
930,022
1,492,778,540
0.0623
59.96%
2003
1,913,172
713,891
738,220
1,393,418,384
0.0530
62.69%
2002
1,542,983
696,540
755,005
1,319,372,268
0.0572
54.86%
2001
1,855,425
696,602
689,049
1,216,666,375
0.0566
62.46%
2000
1,749,308
697,153
684,771
1,108,908,809
0.0618
60.15%
1999
2,653,077
538,760
562,853
1,075,675,784
0.0523
79.69%
1998
2,855,561
262,701
292,629
1,025,454,314
0.0285
90.80%
1997
3,165,880
390,295
411,494
965,036,161
0.0426
87.67%
1996
3,065,655
612,633
618,905
927,245,509
0.0667
80.02%
1995
4,185,474
492,910
501,903
862,362,086
0.0582
88.22%
1994
5,181,062
842,139
847,876.
783,524,174
0.1082
83.75%
1993
4,198,418
1,054,823
1,087,305
751,640,940
0.1447
74.88%
1992
5,201,876
1,292,116
1,270,778
699,380,664
0.1817
75.16%
1991
4,896,295
1,651,578
1,664,336
628,853,041
0.2647
66.27%
1990
4,921,091
1,418,666
1,489,578
556,273,807
0.2678
71.17%
1989
4,919,843
1,764,277
1,757,973
465,231,179
0.3779
64.14%
1988
4,610,785
1,447,973
1,470,493
367,085,237
0.4006
68.60%
1987
4,356,095
1,338,272
1,326,881
305,732,926
0.4340
69.28%
1986
4,213,745
1,366,577
1,371,616
250,558,340
0.5474
6�7%
1985
3,793,301
1,232,688
1,232,599
215,037,896
0.5732
67.50%
1984
4,303,399
1,457,611
1,438,422
196,116,981
0.7335
66.13%
1983
2,410,971
937,059
936,674
176,467,417
0.5308
61.13%
1982
2,561,839
125,573
116,815
174,764,181
0.0668.
95.10%
1981
390,579
263,829
251,454
165,678,777
0.1518
32.45%
1980
194,914
108,929
109,618
154,956,825
0.0707
44.11%
z
VILLAGE OF BUFFALO GROVE
ANALYSIS OF DEBT SERVICE SELF SUFFICIENCY
GENERAL OBLIGATION DEBT -ALL ISSUES -LAST TEN TAX YEARS
TAX
CORP PURP
SERIES44
CORP PURP
SERIES -86
CORP PURP
SERIES -89
CORP PURP
SERIES -93AIB
CORP PURP
SERIES -94
CORP PURP
SERIES -95
YEAR
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
1998
1,288,300
1,288,300
0
0
0
0
694,708
603,139
302,025
256,150
262,300
215,000
1999
0
0
0
0
0
0
690,308
507,473
142,425
73,000
356,900
175,000
2000
0
0
0
0
0
0
699,308
369,880
239,925
94,500
246,100
160,000
2001
0
0
0
0
0
0
700,988
458,786
232,425
165,425
240,700
207,600
2002
0
0
0
0
0
0
0
0
0
0
52,700
26,700
2003
0
0
0
0
0
0
0
0
0
0
0
0
2004
0
0
0
0
0
0
0
0
0
0
0
0
2005
0
0
0
0
0
0
0
0
0
0
0
0
2006
0
0
0
0
0
0
0
0
0
0
0
0
2007
0
0
0
0
0
0
0
0
0
0
0
0
TOTAL
1,288,300
1,288,300
0
0
0
0
2,785,312
1,939,278
916,800
589,075
1,158,700
784,300
TAX
CORP PURP
SERIES -98
CORP PURP
SERIES -01AB
CORP PURP
SERIES -02AIB
CORP PURP
SERIES-03
TOTAL
TOTAL
PERCENT
YEAR
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
LEVY
ABATEMENT
1998
47,490
47,490
0
0
0
0
0
0
2,332,523
2,195,079
94.11%
1999
1,203,844
1,203,844
0
0
0
0
0
0
2,036,577
1,784,317
87.61%
2000
304,875
304,875
0
0
0
0
0
0
1,244,108
769,255
61.83%
2001
0
0
661,313
327,013
0
0
0
0
1,614,726
951,224
58.91%
2002
0
0
781,267
354,267
709,015
0
0
0
1,490,282
354,267
23.77%
2003
0
0
811,448
418,301
822,015
465,475
279,709
170,000
1,913,172
1,053,776
55.08%
2004
0
0
939,573
434,573
804,440
610,980
299,925
144,200
2,043,938
1,189,753
58.21%
2005
0
0
1,111,608
478,593
476,678
380,738
303,255
150,000
1,891,541
1,009,330
53.36%
2006
0
0
1,134,488
407,645
477,544
381,798
306,295
156,295
1,916,326
945,738
49.30%
2007
0
0
1,069,680
473,368
145,963
145,963
310,670
165,670
1,526,313
785,000
5143%
TOTAL
1,556,209
1,556,209
6,529,377
2,893,759
3,435,654
1,984,953
1,499,854
786,165
18,011,505
11,037,739
61.28%
VILLAGE OF BUFFALO GROVE
FINAL DISTRIBUTION OF 2007 PROPERTY TAX LEVY; AFTER TAX ABATEMENT CONSIDERATION
WITH ESTIMATED ASSESSED VALUATION; PRIOR TO CONSIDERATION OF PRIOR YEAR TAX ADJUSTMENTS
PERCENTAGE OF DISTRIBUTION FOR
LEVY PURPOSES. BASED ON FINAL
PERCENT OF TAX DISTRIBUTION COOK COOK LAKE LAKE TOTAL WEIGHTED FUND
USED FOR PROPERTY TAX EXTENSION RATE EXTENSION RATE EXTENSION RATE DISTRIBUTION
REAPPORTIONMENT42006 LEVY) 24.20% 75.80% 100.00% PERCENTAGE
TAY 1 G\ /ICQ-
CORPORATE
CORPORATE - VEHICLE STICKERS
STREET AND BRIDGE
STREET LIGHTING
POLICE PROTECTION
FIRE PROTECTION
ESDA
CROSSING GUARD
SUB - TOTAL: CORPORATE
IMRF
ARBORETUM GOLF COURSE - SERIES -02A
ARBORETUM GOLF COURSE-SERIES-02B
CORP PURP BONDS - FACILITIES -01A
CORP PURP BONDS - FACILITIES -018
CORP PURP BONDS - FACILITIES -02A
CORP PURP BONDS - FACILITIES -03
POLICE PENSION
FIRE PENSION
TOTAL
350,763.43
0.0906
1,098,672.22
0.0601
1,449,435.65
0.0824
20.73%
145,200.00
0.0375
454,800.00
0.0332
600,000.00
0.0341
8.58%
158,214.41
0.0409
495,564.13
0.0361
653,778.54
0.0372
9.35%
53,666.08
0.0139
168,094.58
0.0123
221,760.66
0.0126
3.17%
118,931.45
0.0307
372,520.84
0.0272
491,452.29
0.0279
7.03%
850,460.44
0.2197
2,663,838.91
0.1942
3,514,299.35
0.1998
50.27%
2,938.49
0.0008
9,204.04
0.0007
12,142.53
0.0007
0.17%
11,599.30
0.0030
36,331.68
0.0026
47,930.98
0.0027
0.69%
1.691,773.60
0.4370
5,299,026.40
0.3863
6,990,800.00
0.3975
58.39%
317,432.85
0.0820
994,273.15
0.0725
1,311,706.00
0.0746
10.96%
0.00
0.0000
0.00
0.0000
0.00
0.0000
0.00%
0.00
0.0000
0.00
0.0000
0.00
0.0000
0.00%
49,632.39
0.0128
155,460.12
0.0113
205,092.50
0.0117
1.71%
94,675.24
0.0245
296,544.76
0.0216
391,220.00
0.0222
3.27%
0.00
0.0000
0.00
0.0000
0.00
0.0000
0.00%
35,090.00
0.0091
109,910.00
0.0080
145,000.00
0.0082
1.21%
385,802.93
0.0997
1,208,424.07
0.0881
1,594,227.00
0.0906
13.32%
323,005.63
0.0834
1,011,728.37
0.0738
1,334,734.00
0.0759
11.15%
2,897,412.64
0.7485
9,075,366.86
0.6616
11,972,779.50
0.6807
100.00%
ESTIMATED E.AV.
COOK
387,118,486
ESTIMATEDIFINAL
RATES:
2007
2006
LAKE
1,371,681,889
CORPORATE AND DEBT SERVICE
0.4396
0.4189
TOTAL
1,758,800,375
PENSION OBLIGATIONS
0.2411
0.2423
NET LEVY REQUEST (AFTER ABATEMENT)
ANALYSIS -2007 VS 2006, BY LEVY CATEGORY:
2007 REQUEST
2006 REQUEST
ENSION
CHANGE -%
CHANGE -$
CORPORATE
6,990,800.00
5,759,272.00
1,231,528.00
21.38%
5,930,583.83
17.88%
1,060,216.17
SPECIAL PURPOSE/IMRF
1,311,706.00
1,160,000.00
151,706.00
13.08%
1,206,040.70
8.76%
105,665.30
PENSION
2,928,961.00
2,727,525.00
201,436.00
7.39%
2,809,356.32
4.26%
119,604.68
DEBT SERVICE
741,312.50
972,589.00
(231,276.50)
- 23.78%
1,015,724.36
- 27.02%
(274,411.86)
TOTAL
11,972,779.50
10,619,386.00
1,353,393.50
12.74%
10,961,705.21
9.22%
1,011,074.29
FINAL EXTENSION -2006 LEVY
10,961,705.21
1,011,074.29
9.22%
FINAL RATE
INITIAL 2007 LEVY -GROSS
12,680,498.50
(707,719.00)
5.58%
0.6536
ABATEMENTS RECOMMENDED:
2007 LEVY
2006 LEVY
CHANGE
CORPORATE
0.00
0.00
0.00
SPECIAL PURPOSE/IMRF
0.00
0.00
0.00
PENSION
0.00
0.00
0.00
DEBT SERVICE
785,000.00
945,737.00
(160,737.00)
TOTAL
785,000.00
945,737.00
(160,737.00)
LEVY TO ABATEMENT RECONCILEMENT:
ESTIMATED EXTENSION -NET OF PRIOR YEAR COLLECTION ADJUSTMENTS:
NET LEVY REQUEST - 2007/2006 CHANGE
1,353,393.50
COOK
LAKE
TOTAL
NET CHANGE - ABATEMENTS - 2007/2008
(160,737.00)
LEVY
3,087,382.64
9,670,396.86
12,757,779.50
GROSS LEVY REQUEST- 2007/2008
1,192,656.50
ABATEMENT
(189,970.00)
(595,030.00)
(785,000.00)
CHANGE
ADJUSTMENT
0.00
(27,610.40)
(27,610.40)
VARIANCE -LEVY TO ABATEMENT
0.00
NET
2,897,412.64
9,047,756.46
11,945,169.10
EST RATE -2007
0.7485
0.6596
0.6792
FINAL -2006
0.7310
0.6330
0.6536
CHANGE
0.0175
0.0266
0.0256
VILLAGE OF BUFFALO GROVE
ESTIMATED DISTRIBUTION OF 2007 PROPERTY TAX LEVY
PRIOR TO TAX ABATEMENT CONSIDERATION; WITH ESTIMATED ASSESSED VALUATION
PERCENTAGE OF DISTRIBUTION FO)3-
LEVY PURPOSES. BASED ON FINAL
PERCENT OF TAX DISTRIBUTION
COOK
COOK
LAKE
LAKE
TOTAL
WEIGHTED
USED FOR PROPERTY TAX
LEVY
RATE
LEVY
RATE
LEVY
RATE
REAPPORTIONMENT -(2006 LEVY)
24.20%
75.80%--
100.00%
TAX LEVIES.
CORPORATE
350,763.43
0.0906
1,098,672.22
0.0801
1,449,435.65
0.0824
CORPORATE- VEHICLE STICKERS
145,200.00
0.0375
454,800.00
0.0332
600,000.00
0.0341
STREETAND BRIDGE
158,214.41
- -- 0.0409
495,564.13
0.0361
653,778.54
0.0372
STREET LIGHTING
53,666.08
0.0139
168,094.58
0.0123
221,760.66
0.0126
POLICE PROTECTION
118,831.45
0.0307
372,520.84
0.0272
491,452.29
0.0279
FIRE PROTECTION
850,460.44
0.2197
2,663,838.91
0.1942
3,514,299.35
0.1998
ESDA
2,938.49
0.0008
9,204.04
0.0007
12,142.53
0.0007
CROSSING GUARD
11,599.30
0.0030
36,331.68
0.0026
47,930.98
0.0027
SUB- TOTAL:CORPORATE
1,691,773.60
0.4370
54299,026.40
0.3863
6,990,800.00
0.3975
IMRF
317,432.85
0.0820
994,273.15
0.0725
1,311,706.00
0.0746
ARBORETUM GOLF COURSE- SERIES-02A
0.00
0.0000
0.00
0.0000
0.00
0.0000
ARBORETUM GOLF COURSE- SERIES-02B
35,322.93
0.0091
110,639.58
0.0081
145,962.50
0.0083
CORP PURP BONDS - FACILITIES -01A
104,082.39
0.0269
326,010.12
0.0238
430,092.50
0.0245
COPR PURP BONDS- FACILITIES-018
154,780.18
0.0400
484,807.33
0.0353
639,587.50
0.0364
CORP PURP BONDS- FACILITIES-02A
0.00
;' 0.0000
0.00
0.0000
0.00
0.0000
CORP PURP BONDS- FACILITIES-03
75,182.14
0.0194
235,487.86
0.0172
310,670.00
0.0177
POLICE PENSION
385,802.93
0.0997.
1,208,424.07
0.0881
1,594,227.00
0.0906
FIRE PENSION
323,005.63
0.0834
1,011,728.37
0.0738
1,33473.00
0.0759
TOTAL
3,087,382.64
0.7975
9,670,396.86
0.7050
12,757!n 9450
0.7254
ESTIMATED E.A.V.
COOK
387,118,486
INITIAL RATES:
2007
2005
LAKE
1,371,681,889
CORPORATE AND DEBT SERVICE
0.4843
0.4544
TOTAL
1,758,800,375
PENSION OBLIGATIONS
0.2411
0.2351
0.7254
0.6995
GROSS, PRE - ABATEMENT LEVY ANALYSIS -2007 VS 2006, BY LEVY CATEGORY:
2007 REQUEST
2006 REQUEST
CHANGE -$
CHANGE -%
RATE
CORPORATE
6,990,800.00
- .5,759,272.00
1,231,528.00
21.38%
0.3975
SPECIAL PURPOSE -IMRF
1,311,706.00
1,160,000.00
151,706.00
13.08%
0.0746
PENSION
2,928,961.00
2,727,525.00
201,436.00
7.39%
0.1665
DEBT SERVICE
1,526,312.50
1,918,326.00
(392,013.50)
- 20.44%
0.0868
TOTAL
12,757,779.50
11,565,123.00
1.192,656.50
10.31%
07254
VILLAGE OF BUFFALO GROVE
FINAL DISTRIBUTION OF 2006 PROPERTY TAX LEVY
AFTER TAX ABATEMENT CONSIDERATION; WITH FINAL ASSESSED VALUATION
PERCENTAGE OF DISTRIBUTION FOR
LEVY PURPOSES. BASED ON FINAL
PERCENT OF TAX DISTRIBUTION
COOK
COOK
LAKE
LAKE
TOTAL
WEIGHTED
PERCENT OF
USED FOR PROPERTY TAX
EXTENSION
RATE
EXTENSION
RATE
EXTENSION
RATE
EXTENSION
REAPPORTIONMENT-(2006 LEVY)
24.20%
258,001.44
76.06%
DEBT SERVICE
100.26%
872,585.45
143,138.91
TAX LEVIES:
TOTAL
10,961,705.21
10,183,440.53
778,264.68
7.64%
CORPORATE
316,101.14
0.0898
1,028,955.27
0.0776
1,345,056.41
0.0802
22.68%
STREET AND BRIDGE
142,580.01
0.0405
464.118.71
0.0350
606.698.72
0.0362
10.23%
STREET LIGHTING
48,362.92
0.0137
157,428.34
0.0119
205,791.26
0.0123
3.47%
POLICE PROTECTION
107,178.91
0.0305
348,882.98
0.0263
456,061.89
0.0272
7.69%
FIRE PROTECTION
766,419.83
0.2178
2,494,808.22
0.1882
3,261,228.05
0.1944
54.99%
ESDA
2.648.11
0.0008
8,620.01
0.0007
11,268.12
0.0007
0.19%
CROSSING GUARD
10,453.08
0.0030
34,026.30
0.0026
44.479.38
0.0027
0.75%
SUB - TOTAL: CORPORATE
1,393,744.00
0.3960
4,536,839.83
0.3423
5,930,583.83
0.3536
54.10%
IMRF
280,720.00
0.0798
925,320.70
0.0698
1,206,040.70
0.0719
11.00%
ARBORETUM GOLF COURSE - SERIES -02A
22,124.17
0.0063
72,146.50
0.0054
94,270.67
0.0056
0.86%
ARBORETUM GOLF COURSE-SERIES-02B
0.00
0.0000
0.00
0.0000
1 0.00
0.0000
0.00%
CORP PURP BONDS - FACILITIES -01A
55,053.18
0.0156
182,044.05
0.0137
237,097.23
0.0141
2.16%
CORP PURP BONDS- FACILITIES-01B
123,572.57
0.0351
400,161.35
0.0302
523,733.92
0.0312
4.78%
CORP PURP BONDS - FACILITIES -02A
1,029.03
0.0003
3,355.65
0.0003
4,384.68
0.0003
0.04%
CORP PURP BONDS- FACILITIES-03A
36,273.35
0.0103
119,964.51
0.0091
156,237.86
0.0093
1.43%
POLICE PENSION
346,000.00
0.0983
1,127,498.66
0.0851
1,473,498.66
0.0879
13.44%
FIRE PENSION
314,062.00
0.0892
1,021,795.66
0.0771
1,335,857.66
0.0796
12.19%
TOTAL
2,572,578.30
0.7310
8,389,126.91
0.6330
10,961,705.21
0.6536
100.00%
FINAL E.A.V.
COOK
351,925,896
FINAL RATES:
LAKE
1,325,296,511
CORPORATE AND DEBT SERVICE
0.4142
TOTAL
1,677,222,407
PENSION OBLIGATIONS
0.2394
NET, POST - ABATEMENT LEVY ANALYSIS -2006 VS 2005 EXTENSION, BY LEVY CAPACITY:
06 EXTENSION
05 EXTENSION
CHANGE -$
CHANGE -%
CORPORATE
5,930,583.83
5,604,602.98
325,980.85
5.82%
SPECIAL PURPOSE/IMRF
1,206,040.70
1,154,897.22
51,143.48
4.43%
PENSION
2,809,356.32
2,551,354.88
258,001.44
10.11%
DEBT SERVICE
1,015,724.36
872,585.45
143,138.91
16.40%
TOTAL
10,961,705.21
10,183,440.53
778,264.68
7.64%
VILLAGE OF BUFFALO GROVE
PROPERTY TAX LEVIES /ABATEMENTS
TAX LEVIES FOR CALENDAR YEARS -
1977 THROUGH 2OU6 W/2007 ESTIMATE
VILLAGE -WIDE TAX RATE -2006 $.6536
TAX YEAR
GROSS TAX LEVY
TOTAL ABATEMENTS
PERCENT OF LEVY
PER $100 A.E.V
2007
127757,779.50
785,000.00
6.157
0.0446
2006
11,565,123.00
945,737.50
8.18%
0.0564
2005
11,407,442.00
1,009,330.00
8.85%
0.0628
2004
10,695,888.50
1,080,478.25
10.10%
0.0724
2003
10,385,583.00
1,482,544.00
14.28%
0.1064
2002
9,314,958.00
876,442.50
9.41%
0.0664
2001
9,328,325.00
1,326,163.00
14.22%
0.1090
2000
8,964,852.50
1,237,155.00
13.80%
0.1116
1999
9,433,325.25
2,259,316.25
23.95%
0.2100
1998
9,462,175.00
2,779,798.00
29.38%
0.2711
1997
9,402,543.00
2,840,085.00
30.21%
0.2944
1996
9,263,086.00
2,690,475.00
29.05%
0.2902
1995
9,808,585.00
3,692,565.00
37.65%
0.4282
1994
10,457,746.50
4,338,923.00
41.49%
0.5455
1993
9,100,076.00
3,143,595.00
34.54%
0.4182
1992
9,872,467.83
3,909,760.00
39.60%
0.5590
1991
9,150,148.00
3,244,717.50
35.46%
0.5160
1990
8,239,828.50
3,502,425.50
42.51%
0.6296
1989
7,981,876.00
3,155,566.00
39.53%
0.6783
1988
7,430,251.00
3,162,812.50
42.57%
0.8616
1987
6,967,491.00
3,017,822.50
43.31%
0.9871
1986
6,787,077.00
2,913,560.50
42.93%
1.1628
1985
6,322,081.00
2,665,613.00
42.16%
1.2396
1984
6,582,234.00
2,960,788.00
44.98%
1.5097
1983
4,595,220.00
1,475,913.00
32.12%
0.8364
1982
4,333,846.00
2,211,266.00
51.02%
1.2653
1981
2,349,911.00
200,905.00
8.55%
0.1213
1980
1,913,797.00
301,408.00
15.75%
0.1945
1979
1,087,661.00
170,940.00
15.72%
0.1380
1978
945,976.00
168,020.00
17.76%
0.1574
1977
826,565.00
175,100.00
21.18%
0.1987
TOTAL 236,733,918.58 63,724,225.00 26.92%
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$145,000.00 and abate and not spread the sum of $165,670.00 hitherto provided for and levied in the ordinance
providing for the issuance of $2,600,000 of Corporate Purpose General Obligation Bonds -Series 2003 of the Village of
Buffalo Grove, being Ordinance No. 2003 -23, passed and approved on March 17, 2003, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 5. The following represents a summary of the amounts levied and, if applicable, abated for the year 2007
as part of Village Ordinance No. 2007 -76:
Levv
Section
Levy
Corporate Purpose
2
$ 6,990,800.50
Illinois Municipal
3
1,311,706.00
Retirement Fund
225,000.00
205,092.50
Police Pension
4
1,594,227.00
Fire Pension
5
1,334,734.00
Corporate Purpose Bonds
92007
Series 2001 -A
6
430,092.50
Corporate Purpose Bonds
Vfflage President
Series 2001 -B
7
639,587.50
Corporate Purpose Bonds
Abatement
Net Levy
$ 0.00
$ 6,990,800.50
0.00
1,311,706.00
0.00
1,594,227.00
0.00
1,334,734.00
225,000.00
205,092.50
248,367.50
391,220.00
Series 2002 -B 8 145,962.50 145,962.50 0
Corporate Purpose Bonds
Series 2003 9 310.670.00 165.670.00 145.000.00
Total $ 12,757,780.00 $ 785,000.00 $11,972,780.00
Section 6. The Village Clerk is hereby authorized and directed to file a certified copy of this ordinance with the
County Clerks of Cook and Lake Counties, Illinois.
Section 7. This ordinance shall be in full force and effect from and after its passage and approval in the manner
provided by law. This ordinance shall not be codified.
AYES:
5 — Glover, Berman,
Kahn, Trilling, Rubin
NAYES:
0 — None
ABSENT:
1 — Braiman
PASSED:
December 17
,2007 APPROVED: December 17
92007
Vfflage President
ATTEST:
ot: 12A V �YLi
Villag erk