1988-08-15 - Resolution 1988-43 - REQUESTING THE COUNTY OF LAKE TO NOT COLLECT THE LOSS IN COLLECTION ON TAXABLE PROPERTY IN THE VILLAGE OF BUFFALO GROVERESOLUTION NO. 88- 43
A RESOLUTION REqUESTING THE CoUNTY 0r LAKE T0 NOT CoLLECT TltE LOSS
IN COLLECTION ON TAXABLE PROPERTY IN TEE VILLAGE OF BUFFALO GROVE
WHEREAS, the Vlllage of Buffalo Grove has experlenced a hlgh level of
property tax collectlons fron 1ts resldentlal and cormerclal property 1n Lake
County as verlfied by audlt proceduree: and
WHEREAS, the Couoty of Lake has Dade lt a poltcy Co extend addltlonal
amounEs over and above those levles requested by the Vlllage to offseE any
loss 1n eollectabllltyl and
WIIEREAS, these addltlonal taxes w1ll noE be needed by the Vlllage to
perforE lts operatlonal and debt servlce responslbllttles to its citlzens.
NOW, TIIEREFORE, BE IT RESOLVED BY TI{E PRESIDENT AND BOARD OT TRUSTEES OF
THE VILLAGE OF BUEFAIO GROVE, COOK AND LAKE COI]NTIES, ILLINOIS, EhAts
SECTION l. The Count y Clerk of Lake Councy 1s hereby dlrected not co
levy the loss and cost of collecElon notes 1n addltlon Eo Ehose levl-ea
requested by the Vlllage of Buffalo Grove ln 1ts 1988 Tax Levy OrdlDance upon
all taxable property rrlthln the Lake County boundarles of the Vlllage.
SECTIoN 2. The V111 age Clerk ls hereby dlrected to send a certlfled
copy of thls Resolutlon to the County Clerk of Lake Couoty.
AYES: 4 Mari en tha . Glover. Shields. Shi frin
NAYES: 0 - None
2 - Reid. Math aasABSENT:
PASSED:Augus E 15 1988.
1988.APPROVED: August 15
Vl1lage Pre s ident
ATTEST:
Op,""+Tt gr-na9.. -VlIlCge Clerk
Wllllam R. Bal ling
W1l1laro H. Brlmm
June 14, 1988
1988 Property Tax Levy Ordinance
Cook and Lake CounEies Cost of Collectlon
v
ITEMS XII . (C) (D)
TO:
FROM:
DATE:
SI,BJECT :
The Cook County Clerk has staEutory authority to increase by 32 of corporate
purpose and penslon, and by 5Z of debt prlnclpal and lnterest levles ln order
to offset losses due to non-collectlon of property taxes in Ehe County. In
addltlon, the Lake County Clerk has Ehe sane authorlty, but only to increase
debt and lnceresE levles by 22. Uslng Ehe lasc cooplete tax data avallable,
which 1s 1987 for Lake and 1986 for Cook, approxlmateLy $55,095 would be
levied over and above our actual request to conpensate for losses ln the
collectlon effort. Thls ls sllghtly over 2Z of the average net levies as
extended in bolh counEies for those two tax years.
The Vlllage ha6 an optlon, through resolutlon, to dlrecE Che County Clerkrs
noE Eo collect thls addltlonal tax from 1ocal propercy o!{ners. This saEe
actlon has been taken since 1980 ln Cook County and 1987 ln Lake CounEy
although the flnal collection hlstory for the 1987 rax extenslons will not be
available unt11 mld- I988.
It has been deternlned chat wlth the Vlllagers collectlon htstory in Cook
County (99.282 slnce the 1977 levy), and ln Lake County (99.492 for the same
perlod) along wlth the proceeds from the Corporate Personal Properly
Replacement Tax and lnterest lncone, amongst other available sources, thls
would lustlfy the ellmlnation of thls addlElonal taxation over and above our
Ordlnanee request.
The Tax Levy Ordlnance for 1988 does not lnclude any cost of collectlon.
Future collectlon hlstory versus levy wl1l- conrlnue to be analyzed Eo
deternine a need to relnstlEute these levles. However, for 1988' the
required Resolutlons have been prepared for Vlllage Board conslderation 1n a
manner conparable to the prlor yearrs Resolutlons.
For additional lnformallon on thls overall maEter, I have prepared
attached collectlon analysis showlng overall collectlon versus levy
Village slnce the L977 tax year.
,rJ-tun*,
William H. Br10D
the
for the
I III
C()ILEITEI} RATE
96,08tr 0,78J
c00x c0ultTY
IAIES TAIES
LEVIEI) COTIECIED
I II)ITL
C{X,IECIED C(}LTECIEO
98,661 97,9JI
-vrLL[6E ttt ButFfttt of,ttvE
PBOPENTY TAI C()LLECIIIIX HIST{INI
TAI RtTtS, IAI tE|,tES, AXl} IAI C{)ttECIIfiS
tt(E cq TY
TAI FISCNI. TAI IAIES TTTES
YEAN IEAI ETIE TEVIEI} CIITTTCTEI)
t980
ltSt
t982
t?8J
V ltst
t985
tt86
t907
T(,TAL
tJI,297.00
t 85, Xi{.00
227 1927 ,00
333,126,00
tJ5,129,00
9121927.00
I,076,709,00
95t, {8t,00
I,191,89t.00
1,762,{61.00
I,965, {19.59
?,160,0?1.01
2, 3:iJ, 670. 86
t 28,067.00
177,370,00
?27,989.00
328, t92.00
{2t, fi1.00
933, Jt8.00
I , 073, 887. oo
952,573.00
t,{78,297.00
I , 7it, 175. 80
1 , t60 , I17, t6
2, t 5', 318. 25
258,96t.00
95.691
100,oJI
98.521
97,50I
9S,991
99.71I
99.80I
98.8rr
99.8t2
9i,71t
99,87I
I I .00I
3t0,752.00
lt7,0t2.00
ll5,I t2.00
{86,057.00
129,997.00
766,529,73
l,028,867,l8
I,l2{,t5{.00
t,6l2r8ll,20
1 , 801, 127 , 29
I r 729,065. t7
t,705,603.75
t36, l7t, 78
t3t, i07.68
120,292,7i
{85,731. Ct
125,067, fi
76{,192.95
I , 008, 016. gl
l, I19,767.9{
t,6081823.91
I,820,2ll. {6
I r 718,079,62
I , 682, 01,1. 92
826,030. t6
98.31I
it.12t
99,93I
98.S1
99. nI
97.98r
99.t81
99,75I
100.871
99.36I
98.62I
TRfl
97.551
96,12I
99.36t
98.171
99.32I
98,881
99.681
99,34I
100.36I
99.56t
99, Jzt
{6, toz
t975
t976
ti?7
t978
lt79
t171
1978
ti7i
lr80
l98t
198?
l98l
l98t
t985
1986
1987
1988
t989
0.628
0,t6r
0.680
0.670
0.66t
1. t60
1,216
t,06t
1,570
t,681
t.58t
l. 395
l.lt7
0.8t2
0,815
0,852
0.7{l
t,0{ l
t.298
l. t22
1.98i
1.977
t,906
L782
11,025,508,16 ,850,156,61 8{.56I
\s /rs'r
11,920,7t8.62 t?,63{,276, t06.l5t 9t.18I