2025-12-01 - Ordinance 2025-144 - FOR THE LEVY AND COLLECTION OF TAXES FOR THE FISCAL YEAR COMMENCING ON THE 1ST DAY OF JANUARY 2026 AND ENDING ON THE 31ST DAY OF DECEMBER 2026&,\€r {
BUFEAI.O
GROVE
oRDINANCE 2025-144
AN ORDINANCE FOR THE LE\A/ AND
COLLECTION OF TAXES FOR THE FISCAL
YEAR COMMENCING ON THE IST DAY OF
JANUARY 2026 AND ENDING ON THE 3IST
DAY OF DECEMBER 2026
WHEREAS the Village of Buffalo Crove is a home rule unit pursuant to the
lllinois Constitution of 1970.
NOW THEREFORE BE lT ORDAINED by the President and Board of Trustees of the
Village of Buffalo Crove, Cook and Lake Counties, tllinois, as follows:
SECTION L The foregoing recitals are hereby adopted and incorporated and made a
part of this Ordinance as if fully set forth herein.
SECTION 2. There is hereby levied upon all the taxable propertywithin the corporate
limits of said Village of Buffalo Crove, Counties of Cook and Lake, State of lllinois, the
total sum of Twenty-Three Million Forty-Four Thousand Eight Hundred Four Dollars
($23,044,8,54l'for the following specif ic purposes and for the f iscal year commencing
January 1, 2026, and ending December 3.l, 2026.
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SECTION 3. Ceneral Corporate Tax. A tax is hereby imposed for the Ceneral Corporate
purposes in this Village in the amount of Nine Million One Hundred Seventy-One
Thousand Nine Hundred Eighty-Eight Dollars ($9,171,988) spread equally over the
value, as assessed and equalized by the Department of Revenue of all the taxable
property within the corporate limits therein.
SECTION 4. lllinois Municipal Retirement Fund Tax. Afurther tax is hereby imposed
for the purpose of Village retirement in this Village in the amount of Five Hundred
Thousand Dollars ($500,000) spread equally over the value, as assessed and
equalized by the Department of Revenue of all taxable property therein, all in
accordance with the provisions of Chapter 4O, Section 5r]7l of the lllinois pension
Code.
SECTION 5. Social Security Fund. A further tax is hereby imposed for the purpose of
Village retirement in this Village in the amount of One Million Two Hundred Ninety
Thousand One Hundred Twenty-Two Dollars ($.l,290,122) spread equally over the
value, as assessed and equalized by the Department of Revenue of all property
therein, all in accordance with the provisions of Chapter 40, Section 5/2.I-llo & llO.l of
the lllinois Pension Code.
SECTION 6. Police Pension Fund. A further tax is hereby imposed for the purpose of
continuing to provide a Police Pension Fund in this Village in the amount of Three
Million Five Hundred Seven Thousand Six Hundred Sixty-Six Dollars ($3,507,655)
spread equally over the value, as assessed and equalized by the Department of
Revenue of all the taxable property therein all in accordance with the provision of
Chapter 40, Section 5/3-]25 of the lllinois Pension Code.
SECTION 7, Firefiohter's Pension Fund. A further tax is hereby imposed for the
purpose of continuing to provide a Firef ighter's Pension Fund in this Village in the
amount of Two Million Six Hundred Thirty-Six Thousand One Hundred Thirty-Four
Dollars ($2,636,134) spread equally over the value, as assessed and equalized by the
Department of Revenue of all the taxable property therein, all in accordance with the
provisions of Chapter 40, Section 5/4J]8 of the lllinois Pension Code.
SECTION 8. Corporate Puroose Ceneral Obliqation Bonds - Series 2012. A further tax
is hereby imposed for the retirement of Corporate Purpose Ceneral Obligation
Bonds, bond principal and interest, in the amount of Seven Hundred Thirty-Six
Thousand Nine Hundred Thirty-Eight Dollars ($736,938) spread equally over the
value, assessed and equalized by the Department of Revenue of all taxable property
therein, all in accordance with Chapter 65, Section 5/a-4-25 of the lllinois Municipal
Code and by adoption of Ordinance No. 2012-036.
C E r-Tlattl Cl /-^ r^rat6 Dr rrn.rc6 llono rr I obti ation Bonds-(p 1 oc ?O1A A fu rther tax is
hereby imposed for the retirement of Corporate Purpose Ceneral Obligation Bonds,
bond principal and interest, in the amount of Three Hundred Eighty-Two Thousand
One Hundred Thirty-One Dollars ($382,131) spread equally over the value, assessed
and equalized by the Department of Revenue of all taxable property therein, all in
accordance with Chapter 65, Section 518-4-25 of the lllinois Municipal Code and by
adoption of Ordinance No. 2Ol6-024.
E ffl6N 16 r_n .!ral'6 D, rrnnca flanarrl obti ation Bonds-Seri o< )i')i A fu rther taxr
is hereby imposed for the retirement of Corporate Purpose Ceneral Obligation
Bonds, bond principal and interest, in the amount of One Million Eight Hundred
Ninety-Three Thousand Nine Hundred Dollars ($1,893,9OO) spread equally over the
value, assessed and equalized by the Department of Revenue of all taxable property
therein, all in accordance with Chapter 65, Section 5/8-4-25 of the lllinois Municipal
Code and by adoption of Ordinance No.2O2O-29.
SECTION lI. Cor o orate Pu roose Ceneral Ob oa tion Bonds-Se ties 2022 A further tax
is hereby imposed for the retirement of Corporate Purpose Ceneral Obligation
Bonds, bond principal and interest, in the amount of Nine Hundred Ninety-Two
Thousand Six Hundred Fifty Dollars ($992,650) spread equally over the value,
assessed and equalized by the Department of Revenue of all taxable property
therein, all in accordance with Chapter 65, Section 5/8-4-25 of the lllinois Municipal
Code and byadoption of Ordinance No.2O22-8O.
SECTION 12. Coroorate Puroose Ce neral Obliqation Bonds-Series 2025. A further tax
is hereby imposed for the retirement of Corporate Purpose Ceneral Obligation
Bonds, bond principal and interest, in the amount of One Million Nine Hundred
Thirty-Three Thousand Three Hundred Twenty-Five Dollars ($1,933,325) spread equally
over the value, assessed and equalized by the Department of Revenue of all taxable
property therein, all in accordance with Chapter 65, Section 5/8-4-25 of the lllinois
Municipal Code and by adoption of Ordinance No. 2025-45.
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50 Raupp Blvd, Buffalo Crove, lL 60089 \ 847-459-2500 bg.org
AYES:
NAYES:
ABSENT:
PASSED:
APPROVED:
PUBLISHED
Ceneral Corporate
lllinois Municipal Retirement Fund
Social Security Fund
Police Pension Fund
Firefighter's Pension Fund
Facilities Development Debt Service-Series
2012
Facilities Development Debt Service-Series
2016
Facilities Development Debt Service-Series
2C20
Facilities Development Debt Service-Series
2022
Facilities Development Debt Service-Series
2025
Crand Total Tax Lelry
$9,r7l,988
500,oo0
1,290,122
3,507,666
2,636,134
736,93A
382,131
1,893,900
992,650
1.933.325
23,O44,454
SECTION 14. The Village Clerk is hereby authorized to f ile a copy of this Ordinance,
duly certif ied, along with any statutory representations or certif ications, with the
County Clerk of Cook County, lllinois, and the County Clerk of Lake County, lllinois,
within the time limit prescribed by law.
SECTION 15. Detailed Budget Appropriations by cost category for the f iscalyear
commencing on the lst day of January 2C.26 and ending on the 3lst day of
December 2026, along with corresponding ler,ry by Fund are attached as Exhibit "A"
to this Ordinance.
SECTION 16. lf any item or portion of this Ordinance is for any reason held invalid,
such decision shall not affect the validity of the remaining portion of such item or
the remaining portion of this Ordinance
SECTION 17. This Ordinance shall be in full force and effect from and after its
passage and approval and shall not be codified.
AP ED
.+-,J;*
Sirabia n, Village Clerk Eric N. Sm , Village President
r
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SECTION I3. A recapitulation of the foreqoinq levied funds is as follows:
LEVIED FUNDS
6 - Johnson. Richards. Cesario. Ottenheimer. Bocek. Weidenfeld
0 - None
O - None
December l. 2025
December l. 2O25
December 4. 2025
ATTEST: