2009-087ORDINANCE NO. 2009- 87
AN ORDINANCE ABATING TAXES LEVIED FOR THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS
WHEREAS, the Village did on the 7th day of December, 2009 pass and approve Ordinance No. 2009 -80, which
ordinance provided for the levy of a direct tax on all property in the Village for the year 2009 for general corporate,
pension and debt service purposes in the Village of Buffalo Grove, in the amount of $13,916,785, 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. 2009 -80 for the fiscal year commencing January 1 st,
2010.
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 2009 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 $428,492.50 and the Village has sufficient funds on hand to pay $53,860.00 of
the amount of the tax levied for the fiscal year commencing Januarylst, and the levy of the entire $428,492.50 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$374,632.50 and abate and not spread the sum of $53,860.00 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 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 2009 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 $278,912.50 and the Village has sufficient funds on hand to pay
$180,000.00 of the amount of the tax levied for the fiscal year commencing Januarylst, and the levy of the entire
$278,912.50 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$98,912.50 and abate and not spread the sum of $180,000.00 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 of the 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 2009 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 $146,140.00 and the Village has sufficient funds on hand to pay $146,140.00 of
the amount of the tax levied for the fiscal year commencing January 1 st, and the levy of the entire $146,140.00 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 $146,140.00 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. The following represents a summary of the amounts levied and, if applicable, abated for the year 2009
as part of Village Ordinance No. 2009 -80:
,
Levy
Section Levy Abatement
Net Levy
Corporate Purpose
2 $ 7,237,280.00 $ 0.00
$ 7,237,280.00
Illinois Municipal
3 1,564,110.00 0.00
1,564,110.00
Retirement Fund
Police Pension
4 2,038,612.00 0.00
2,038,612.00
Fire Pension
5 1,905,833.00 0.00
1,905,833.00
Corporate Purpose Bonds
Series 2001 -A
6 428,492.50 53,860.00
374,632.50
Corporate Purpose Bonds
Series 2001 -B
7 278,912.50 180,000.00
98,912.50
Corporate Purpose Bonds
Series 2002 -B
8 146,140.00 146,140.00
0.00
Corporate Purpose Bonds
Series 2003
9 317,405.00 0.00
317,405.00
Total
$ 13,916,785.00 $ 380,000.00
$ 13,536,785.00
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: 6 — Braiman,
Glover, Berman, Trilling, Stone, Sussman
NAYES: 0 — None
ABSENT: 0 — None
PASSED: December 21
2009 APPROVED: December 21 2009
ATTEST:
Tn , Q
Villag erk
Village President
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
2008
1,496,885
791,885
788,094
1,885,107,130
0.0412
47.10%
2007
1,526,313
741,313
746,447
1,810,821,475
0.0412
51.43%
2006
1,918,326
972,589
1,015,724
1,677,222,407
0.0606
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
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
2008
0
0
0
0
0
0
0
0
0
0
0
0
2009
0
0
0
0
0
0
0
0
0
0
0
0
TOTAL
0
0
0
0
0
0
1,400,296
828,666
472,350
259,925
539,500
394,300
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
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
1,009,331
53.36%
2006
0
0
1,134,488
407,645
477,544
381,798
306,295
156,295
1,918,327
945,738
49.30%
2007
0
0
1,069,680
473,368
145,963
145,963
310,670
165,670
1,526,313
785,001
51.43%
2008
0
0
1,036,050
401,445
146,275
146,275
314,560
157,280
1,496,885
705,000
47.10%
2009
0
0
707,405
233,860
146,140
146,140
317,405
• 0
1,170,950
380,000
32.45%
TOTAL
304,875
304,875
8,272,832
3,529,065
3,728,070
2,277,369
2,131,819
943,445
16,310,242
8,143,345
49.93%
VILLAGE OF BUFFALO GROVE
FINAL DISTRIBUTION OF 2009 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
REAPPORTIONMENT -(2008 LEVY)
22.57%
77.43%
DEBT SERVICE
100.00%
0.4268
PERCENTAGE
TAX LEVIES:
1,880,870,000
PENSION OBLIGATIONS
0.2929
0.2522
NET LEVY REQUEST (AFTER ABATEMENT)
CORPORATE
478,865.43
0.1114
1,642,824.57
0.1132
2,121,690.00
0.1128
29.32%
STREET AND BRIDGE
152,758.27
0.0355
524,061.73
0.0361
676,820.00
0.0360
9.35%
STREET LIGHTING
51,811.69
0.0120
177,748.31
0.0123
229,560.00
0.0122
3.17%
POLICE PROTECTION
114,831.65
0.0267
393,948.35
0.0272
508,780.00
0.0271
7.03%
FIRE PROTECTION
821,139.48
0.1910
2,817,050.52
0.1942
3,638,190.00
0.1934
50.27%
ESDA
2,839.31
0.0007
9,740.69
0.0007
12,580.00
0.0007
0.17%
CROSSING GUARD
11,208.26
0.0026
38,451.74
0.0027
49,660.00
0.0026
0.69%
SUB - TOTAL: CORPORATE
1,633,454.10
0.3799
5,603,825.90
0.3862
7,237,280.00
0.3848
53.46%
IMRF
353,019.63
0.0821
- 1,211,090.37
0.0835
1,564,110.00
0.0832
11.55%
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
84,554.56
0.0197
290,077.94
0.0200
374,632.50
0.0199
2.77%
CORP PURP BONDS - FACILITIES -01B
22,324.55
0.0052
76,587.95
0.0053
98,912.50
0.0053
0.73%
CORP PURP BONDS - FACILITIES -02A
0.00
0.0000
0.00
0.0000
0.00
0.0000
0.00%
CORP PURP BONDS- FACILITIES -03
71,638.31
0.0167
245,766.69
0.0169
317,405.00
0.0169
2.34%
POLICE PENSION
460,114.73
0.1070
1,578,497.27
0.1088
2,038,612.00
0.1084
15.060%
FIRE PENSION
430,146.51
0.1000
1,475,686.49
0.1017
1,905,833.00
0.1013
14.079%
TOTAL
3,055,252.37
0.7105
10,481,532.63
0.7224
13,536,785.00
0.7197
100.00%
ESTIMATED E.A.V.
COOK
430,000,000
ESTIMATED /FINAL
RATES:
2009
2008
LAKE
1,450,870,000
CORPORATE AND
DEBT SERVICE
0.4268
0.3935
TOTAL
1,880,870,000
PENSION OBLIGATIONS
0.2929
0.2522
NET LEVY REQUEST (AFTER ABATEMENT)
ANALYSIS -2008 VS 2007, BY LEVY
CATEGORY:
2009 REQUEST
2008 REQUEST
CHANGE -$
CHANGE -%
2008 EXTENSION
CHANGE -%
CHANGE -$
CORPORATE
7,237,280.00
7,227,700.00
9,580.00
0.13%
7,088,562.06
2.10%
148,717.94
SPECIAL PURPOSE /IMRF
1,564,110.00
1,481,921.00
82,189.00
5.55%
1,451,641.14
7.75%
112,468.86
PENSION
3,944,445.00
3,261,007.00
683,438.00
20.96%
3,202,491.75
23.17%
741,953.25
DEBT SERVICE
790,950.00
791,885.00
(935.00)
-012%
788,094.08
0.36%
2,855.92
TOTAL
13,536,785.00
12,762,513.00
774,272.00
6.07%
12,530,789.03
8.03%
1,005,995.97
FINAL EXTENSION -2008 LEVY
- - --
12,530,789.03
1,005,995.97
8.03%
FINAL RATE
INITIAL 2009 LEVY -GROSS
13,917,635.00
- - --
(380,850.00)
-2.74%
0.6661
REQUEST
ABATEMENTS RECOMMENDED:
2009 LEVY
2008 LEVY
CHANGE
PERCENT
CORPORATE
0.00
0.00
0.00
CORPORATE
53.46%
SPECIAL PURPOSE /IMRF
0.00
0.00
0.00
SPECIAL PURPOSE /IMRF
11.55%
PENSION
0.00
0.00
0.00
PENSION
29.14%
DEBT SERVICE
380,000.00
705,000.00
(325,000.00)
DEBT SERVICE
5.84%
TOTAL
380,000.00
705,000.00
(325,000.00)
TOTAL
100.00%
LEVY TO ABATEMENT RECONCILEMENT:
ESTIMATED EXTENSION -NET OF PRIOR YEAR COLLECTION ADJUSTMENTS:
NET LEVY REQUEST- 200912008 CHANGE
774,272.00
COOK
LAKE
TOTAL
NET CHANGE- ABATEMENTS - 2009/2008
(325,000.00)
LEVY -GROSS
3,141,018.37
10,775,766.63
13,916,785.00
GROSS LEVY REQUEST- 2009/2008
449,272.00
ABATEMENT
(85,766.00)
(294,234.00)
(380,000.00)
CHANGE
ADJUSTMENT
0.00
248,869.00
248,869.00
VARIANCE -LEVY TO ABATEMENT
0.00
NET
3,055,252.37
10,730,401.63
13,785,654.00
EST RATE -2009
0.7105
0.7396
0.7329
FINAL -2008
0.6700
0.6650
0.6661
CHANGE
0.0405
0.0746
0.0668
VILLAGE OF BUFFALO GROVE
ESTIMATED DISTRIBUTION OF 2009 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 -(2008 LEVY)
22.57%
0.2097
77.43%
1,170,950.00
100.00%
(325,935.00)
TAX LEVIES:
0.0623
8.41%
13,916,785.00
13,467,513.00
449,272.00
3.34%
CORPORATE
478,865.43
0.1114
1,642,824.57
0.1132
2,121,690.00
0.1128
STREET AND BRIDGE
152,758.27
0.0355
524,061.73
0.0361
676,820.00
0.0360
STREET LIGHTING
51,811.69
0.0120
177,748.31
0.0123
229,560.00
0.0122
POLICE PROTECTION
114,831.65
0.0267
393,948.35
0.0272
508,780.00
0.0271
FIRE PROTECTION
821,139.48
0.1910
2,817,050.52
0.1942
3,638,190.00
0.1934
ESDA
2,839.31
0.0007
9,740.69
0.0007
12,580.00
0.0007
CROSSING GUARD
11,208.26
0.0026
38,451.74
0.0027
49,660.00
0.0026
SUB- TOTAL:CORPORATE
1,633,454.10
0.3799
5,603,825.90
0.3862
7,237,280.00
0.3848
IMRF
353,019.63
0.0821
1,211,090.37
0.0835
1,564,110.00
0.0832
ARBORETUM GOLF COURSE - SERIES -02A
0.00
0.0000
0.00
0.0000
0.00
0.0000
ARBORETUM GOLF COURSE - SERIES -02B
32,983.80
0.0077
113,156.20
0.0078
146,140.00
0.0078
CORP PURP BONDS - FACILITIES -01A
96,710.76
0.0225
331,781.74
0.0229
428,492.50
0.0228
COPR PURP BONDS - FACILITIES -01 B
62,950.55
0.0146
215,961.95
0.0149
278,912.50
0.0148
CORP PURP BONDS - FACILITIES -02A
0.00
0.0000
0.00
0.0000
0.00
0.0000
CORP PURP BONDS - FACILITIES -03
71,638.31
0.0167
245,766.69
0.0169
317,405.00
0.0169
POLICE PENSION
460,114.73
0.1070
1,578,497.27
0.1088
2,038,612.00
0.1084
FIRE PENSION
430,146.51
0.1000
1,475,686.49
0.1017
1,905,833.00
0.1013
TOTAL
3,141,018.37
0.7305
10,775,766.63
0.7427
13,916,785.00
0.7399
ESTIMATED E.A.V.
COOK
430,000,000 INITIAL RATES:
LAKE 1,450,870,000 CORPORATE AND DEBT SERVICE
TOTAL 1,880,870,000 PENSION OBLIGATIONS
GROSS, PRE- ABATEMENT LEVY ANALYSIS -2009 VS 2008, BY LEVY CATEGORY:
2009 REQUEST 2008 REQUEST CHANGE -$ CHANGE -%
CORPORATE
SPECIAL PURPOSE -IMRF
PENSION
DEBT SERVICE
TOTAL
2009 2008
0.4470 0.4708
0.2929 0.2559
0.7399 0.7267
LEVY
RATE PERCENT
7,237,280.00
7,227,700.00
9,580.00
0.13%
0.3848
52.00%
1,564,110.00
1,481,921.00
82,189.00
5.55%
0.0832
11.24%
3,944,445.00
3,261,007.00
683,438.00
20.96%
0.2097
28.34%
1,170,950.00
1,496,885.00
(325,935.00)
- 21.77%
0.0623
8.41%
13,916,785.00
13,467,513.00
449,272.00
3.34%
0.7399
100.00%
VILLAGE OF BUFFALO GROVE
FINAL DISTRIBUTION OF 2008 PROPERTY TAX LEVY
AFTER TAX ABATEMENT CONSIDERATION; WITH FINAL ASSESSED VALUATION
PERCENTAGE OF DISTRIBUTION FOR
LEVY PURPOSES. BASED ON FINAL
PERCENT OF TAX DISTRIBUTION
USED FOR PROPERTY TAX
REAPPORTIONMENT -(2008 LEVY)
TAX LEVIES:
CORPORATE
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 -01B
CORP PURP BONDS - FACILITIES -02A
CORP PURP BONDS - FACILITIES -03A
POLICE PENSION
FIRE PENSION
TOTAL
FINAL E.A.V.
COOK
LAKE
TOTAL
COOK COOK LAKE LAKE TOTAL WEIGHTED PERCENT OF
EXTENSION RATE EXTENSION RATE EXTENSION RATE EXTENSION
22.57% 75.48% 98.05%
478,819.59
0.1113
1,599,269.09
0.1102
2,078,088.68
0.1105
29.32%
152,738.30
0.0355
510,177.53
0.0352
662,915.83
0.0352
9.35%
51,800.18
0.0120
173,041.40
0.0119
224,841.58
0.0120
3.17%
114,820.83
0.0267
383,505.99
0.0264
498,326.82
0.0265
7.03%
821,059.33
0.1908
2,742,367.89
0.1890
3,563,427.23
0.1894
50.27%
2,826.08
0.0007
9,492.18
0.0007
12,318.25
0.0007
0.17%
11,220.47
0.0026
37,423.20
0.0026
48,643.67
0.0026
0.69%
1,633,284.78
0.3796
5,455,277.28
0.3760
7,088,562.06
0.3768
56.57%
334,470.00
0.0777
1,117,171.14
0.0770
1,451,641.14
0.0772
11.58%
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%
59,014.20
0.0137
168,611.59
0.0116
227,625.79
0.0121
1.82%
84,215.80
0.0196
321,562.48
0.0222
405,778.28
0.0216
3.24%
0.00
0.0000
0.00
0.0000
0.00
0.0000
0.00%
35,498.00
0.0083
119,192.01
0.0082
154,690.01
0.0082
1.23%
396,028.00
0.0921
1,320,293.17
0.0910
1,716,321.17
0.0912
13.70%
339,982.00
0.0790
1,146,188.58
0.0790
1,486,170.58
0.0790
11.86%
2,882,492.78
0.6700
9,648,296.25
0.6650
12,530,789.03
0.6661
100.00%
430,222,803 FINAL RATES:
1,450,871,616 CORPORATE AND DEBT SERVICE 0.4187
1,881,094,419 PENSION OBLIGATIONS 0.2474
NET, POST- ABATEMENT LEVY ANALYSIS -2008 VS 2007 EXTENSION, BY LEVY CAPACITY:
EXTENSION
LESS: ABATEMENTS ADOPTED
08 EXTENSION
07 EXTENSION
CHANGE -$
CHANGE -%
PERCENT
CORPORATE
7,088,562.06
7,021,957.54
66,604.52
0.95%
56.57%
SPECIAL PURPOSE /IMRF
1,451,641.14
1,335,323.84
116,317.30
8.71%
11.58%
PENSION
3,202,491.75
2,970,833.97
231,657.78
7.80%
25.56%
DEBT SERVICE
788,094.08
746,446.71
41,647.37
5.58%
6.29%
TOTAL
12,530,789.03
12,074,562.06
456,226.97
3.78%
100.00%
CALCULATION OF OVER /UNDER EXTENSION OF TAX LEVIES
DUE TO REAPPORTIONMENT OF TAX BURDEN
CALENDAR 2008 TAX LEVY -GROSS
13,467,513.00
LESS: ABATEMENTS ADOPTED
705,000.00
NET CALENDAR 2008 TAX LEVY
12,762,513.00
PERCENT OF BURDEN ASSIGNED:
COOK COUNTY
22.57%
2,880,499.18
LAKE COUNTY
75.48%
9,633,144.81
98.05%
12,513,644.00
ACTUAL PERCENT OF BURDEN:
COOK COUNTY
22.57%
2,880,499.18
LAKE COUNTY
77.43%
9,882,013.82
100.00%
12,762,513.00
VARIANCE - OVER /(UNDER)
COOK COUNTY
0.00
LAKE COUNTY
(248,869.00)
TOTAL
(248,869.00)
VILLAGE OF BUFFALO GROVE
PROPERTY TAX LEVIES /ABATEMENTS
TAX LEVIES FOR CALENDAR YEARS -
1977 THROUGH 2008 W/2009 ESTIMATE
VILLAGE -WIDE TAX RATE -2008 $.6661
TAX YEAR
GROSS TAX LEVY
TOTAL ABATEMENTS
PERCENT OF LEVY
PER $100 A.E.V.
2009
13,536,785.00
380,000.00
2.81%
0.0202
2008
13,467,513.00
705,000.00
5.23%
0.0375
2007
12,757,779.50
785,000.00
6.15%
0.0434
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 263,738,216.58 64,809,225.00 24.57% - - --
STATE OF ILLINOIS )
COUNTY OF COOK )
ss.
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 21, 2009 the Corporate
Authorities of the Village passed and approved
Ordinance No. 2009 -87, AN ORDINANCE
ABATING TAXES 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. 2009 -87,
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
21, 2009 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 22nd day of
December, 2009.
ORDINANCE NO. 2009- 87
AN ORDINANCE ABATING TAXES LEVIED FOR THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS
WHEREAS, the Village did on the 7th day of December, 2009 pass and approve Ordinance No. 2009 -80, which
ordinance provided for the levy of a direct tax on all property in the Village for the year 2009 for general corporate,
pension and debt service purposes in the Village of Buffalo Grove, in the amount of $13,916,785, 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. 2009 -80 for the fiscal year commencing January 1st,
2010.
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 2009 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 $428,492.50 and the Village has sufficient funds on hand to pay $53,860.00 of
the amount of the tax levied for the fiscal year commencing January 1st, and the levy of the entire $428,492.50 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$374,632.50 and abate and not spread the sum of $53,860.00 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 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 2009 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 $278,912.50 and the Village has sufficient funds on hand to pay
$180,000.00 of the amount of the tax levied for the fiscal year commencing Januarylst, and the levy of the entire
$278,912.50 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$98,912.50 and abate and not spread the sum of $180,000.00 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 of the 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 2009 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 $146,140.00 and the Village has sufficient funds on hand to pay $146,140.00 of
the amount of the tax levied for the fiscal year commencing January 1 st; and the levy of the entire $146,140.00 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 $146,140.00 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. The following represents a summary of the amounts levied and, if applicable, abated for the year 2009
as part of Village Ordinance No. 2009 -80:
Levy Section Levy
Abatement
Net Levy
Corporate Purpose 2 $ 7,237,280.00
$ 0.00
$ 7,237,280.00
Illinois Municipal 3 1,564,110.00
0.00
1,564,110.00
Retirement Fund
Police Pension 4 2,038,612.00
0.00
2,038,612.00
Fire Pension 5 1,905,833.00
0.00
1,905,833.00
Corporate Purpose Bonds
Series 2001 -A 6 428,492.50
53,860.00
374,632.50
Corporate Purpose Bonds
Series 2001 -B 7 278,912.50
180,000.00
98,912.50
Corporate Purpose Bonds
Series 2002 -B 8 146,140.00
146,140.00
0.00
Corporate Purpose Bonds
Series 2003 9 317,405.00
0.00
317,405.00
Total $ 13,916,785.00
$ 380,000.00
$ 13,536,785.00
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: 6 — Braiman Glover Berman, Trilling, Stone, Sussman
NAYES: 0 — None
ABSENT: 0 — None
PASSED: December 21 12009 APPROVED: December 21 12009
Village President
ATTEST:
Villag erk