2001-47I
RESOLUTION NO. 2001- 47
A RESOLUTION REQUESTING THE COUNTY OF COOK NOT TO COLLECT THE LOSS
IN COLLECTION ON TAXABLE PROPERTY IN. THE VILLAGE OF BUFFALO GROVE
WHEREAS, the Village of Buffalo Grove has experienced a high level of
property tax collections from its residential and commercial property in Cook
County as verified by audit and collection procedures; and
WHEREAS, the County of Cook has made it a policy to extend additional
amounts over and above the annual tax levy requests of the Village of Buffalo
Grove in order to offset any loss in collection of the tax levy; and
WHEREAS, those additional taxes will 'not be needed by the Village of
Buffalo Grove to perform its operational, pension and debt service
responsibilities to its citizens.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS, that:
SECTION 1. The County Clerk of Cook County is hereby directed not to levy
the customary percentage amounts for loss and collection as part of the
extension of those levies requested by the Village of Buffalo Grove in its
2001 Tax Levy Ordinance upon all taxable property within the Cook County
boundaries of the Village.
SECTION 2. The Village Clerk is hereby directed to send a certified copy
of this Resolution to the County Clerk of Cook County.
AYES: 5 - Marienthal, Braiman, Glover, Berman, Kahn
NAYES: 0 - N
ABSENT: 1 - Johnson
PASSED: December 3,
ATTEST:
Vilqzqb Clerk
,2001.APPROVED: December 3
a��'
-
Village President
,2001
VILLAGE OF BUFFALO GROVE
PROPERTY TAX COLLECTION HISTORY
TAX RATES, TAX LEVIES, AND TAX COLLECTIONS
TOTALS -LAST TEN FINAL
TAX YEARS-90 TH RU 99 47,098,616.36 47,165,594.75 100.14% 15,710,230.28 15,632,012.71 99.50% 99.98%
LAKE COUNTY
COOK COUNTY
TAX
FISCAL
TAX
TAXES
TAXES
%
TAX
TAXES
TAXES
%
TOTAL
YEAR
YEAR
RATE
EXTENDED
COLLECTED
COLLECTED
RATE
EXTENDED
COLLECTED
COLLECTED
COLLECTED
1977
1979
0.680
227,927.00
227,989.00
100.0346
0.815
445,112.00
420,284.26
94.42%
96.32%
1978
1980
0.670
333,126.00
328,192.00
98.52%
0.852
486,057.00
485,733.36
99.93%
99.36%
1979
1981
0.661
435,129.00
424,251.00
97.50%
0.741
429,997.00
425,083.21
98.86%
98.17%
1980
1982
1.160
942,927.00
933,398.00
98.99%
1.041
766,529.73
764,492.95
99.73%
99.32%
1981
1983
1.246
1,076,709.00
1,073,887.00
99.74%
1.298
1,028,867.18
1,008,068.98
97.98%
98.88%
r
1982
1964
1.064
954,484.00
952,573.00
99.80%
1.322
1,124,454.00
1,113,133.36
98.99%
99.36%
1983
1985
1.570
1,494,891.00
1,478,297.00
98.89%
1.985
1,612,841.20
1,612,212.76
99.96%
99.45%
1984
1986
1.681
1,762,461.00
1,759,475.80
99.83%
1.977
1,804,427.29
1,804,218.70
99.99%
99.91%
1985
1987
1.581
1,965,438.59
1,960,347.56
99.74%
1.906
1,729,719.47
1,727,184.81
99.85%
99.79%
1986
1988
1.395
2,160,094.01
2,173,978.85
100.64%
1.782
1,705,603.75
1,684,197.96
98.74%
99.81%
1987
1989
1.147
2,353,670.86
2,347,383.55
99.73%
1.561
1,569,282.46
1,573,907.18
100.29%
99.96%
1988
1990
1.050
2,748,750.89
2,745,057.59
99.87%
1.448
1,524,735.91
1,525,729.85
100.07%
99.94%
1989
1991
1.024
3,420,451.23
3,415,560.73
99.86%
1.085
1,423,549.73
1,415,549.48
99.44%
99.73%
1990
1992
0.855
3,502,880.62
3,492,932.69
99.72%
0.959
1,405,703.83
1,394,831.77
99.23%
99.58%
1991
1993
0.882
4,230,474.91
4,228,993.97
99.96%
1.161
1,732,297.47
1,712,766.71
98.87%
99.65%
1992
1994
0.815
4,266,113.25
4,262,316.00
99.91%
0.907
1,595,695.86
1,587,796.73
99.50%
99.80%
1993
1995
0.793
4,562,819.21
4,555,177.82
99.83%
0.883
1,556,321.97
1,543,873.17
99.20%
99.67%
1994
1996
0.749
4,580,375.84
4,583,121.28
100.06%
0.895
1,539,328.60
1,532,410.42
99.55%
99.93%
1995
1997
0.726
4,855,828.18
4,876,310.65
100.42%
0.803
1,553,927.30
1,546,255.52
99.51%
100.20%
1996
1998
0.687
5,029,696.43
5,056,372.01
100.53%
0.785
1,533,649.87
1,521,731.98
99.22%
100.22%
1997
1999
0.675
5,198,349.44
5,224,400.83
100.50%
0.763
1,487,165.76
1,479,349.62
99.47%
100.27%
1998
2000
0.648
5,276,869.28
5,283,750.90
100.13%
0.719
1,516,118.00
1,517,447.61
100.09%
100.12%
1999
2001
0.653
5,595,209.20
5,602,218.60
100.13%
0.818
1,790,021.62
1,795,549.18
100.31%
100.17%
2000
2002
0.637
5,676,190.35
4,632,471.00
81.61%
0.855
1,862,421.92
888,196.56
47.69%
73.23%
TOTAL
72,650 866.29
71,618,456.83
98.58%
33 223 828.92
32,080,006.13
96.56%
97.94%
TOTALS -LAST TEN FINAL
TAX YEARS-90 TH RU 99 47,098,616.36 47,165,594.75 100.14% 15,710,230.28 15,632,012.71 99.50% 99.98%
•
U •
Village Board Meeting Agenda Item
Monday, December 3, 2001
Resolution No. 2001- A
Resolution Requesting the County of
Lake Not to Collect the Loss in
Collection on Taxable Property in
the Village of Buffalo Grove
Agenda Section:
Consent Agenda: Ordinances and
Resolutions
Order In Section:
A
Type of Item:
Resolution for Agenda
Department:`
Finance & GS
Requested By:
William H Brimm
Prepared By:
William H Brimm
Trustee Liaison:
Trustee Braiman
Additional
Documentation:
Other Agenda Items:
This item relates to other items on the
Overview
The County Clerks in both Cook and Lake County have statutory authority to
increase local tax levies in order to offset losses due to non - collection of
property taxes within the counties under their responsibility. In Cook, the
increase can equal 3% of corporate purpose and pension levies with an
additional 5% for debt principal and interest levies. In Lake County, the
authority is similar, but not as broad. The only levies that can be increased
are for bonded principal and interest, which are increased by only 2 %. Using
the last complete tax year for which final data is. available (2000) for both
Cook and Lake, approximately $69,700 would have been levied over and above our
actual request to compensate for losses in the collection effort. This is
equal to .90% of net taxes as levied in both counties for the 2000 tax year.
The Village has the option, through the adoption of a resolution, to direct
the County Clerks not to collect this additional tax from local property
owners. This same action has been taken in both Cook and Lake Counties for
several tax years, although the final collection history for the 2000 tax
extensions will not be available until early -2002. It has been determined
that, with the Village's ten year collection history in Cook County (99.50%
from the 1990 levy) and in Lake County (100.14% for the same period), combined
with the proceeds of the Personal Property Replacement Tax and other revenue,
justification exists to request eliminate of this additional form of taxation.
The Tax Levy Ordinance for 2001 will not include any cost of collection due to
extension losses. Future collection history versus levy will continue to be
analyzed to determine if there will ever be a need to re- institute the
supplemental levies. For tax year 2001, Resolutions have been prepared for
Village Board consideration in a manner comparable to what has been the
practice in prior years.
•
•
Village Board Meeting Agenda Item
Monday, December 3, 2001
Resolution No. 2001- A
Resolution Requesting the County of
Cook Not to Collect the Loss in
Collection on Taxable Property in
the Village of Buffalo Grove
Agenda Section:
Consent Agenda: Ordinances and
Resolutions
Order In Section:
B
Type of Item:
Resolution for Agenda
Department: `
Finance & GS
Requested By:
William H Brimm
Prepared By:
William H Brimm
Trustee Liaison:
Trustee Braiman
Additional
Documentation:
Other Agenda Items:
This item relates to other items on the
Overview
The County Clerks in both Cook and Lake County have statutory authority to
increase local tax levies in order to offset losses due to non - collection of
property taxes within the counties under their responsibility. In Cook, the
increase can equal 3% of corporate purpose and pension levies with an
additional 5% for debt principal and interest levies. In Lake County, the
authority is similar, but not as broad. The only levies that can be increased
are for bonded principal and interest, which are increased by only 2 %. Using
the last complete tax year for which final data is available (2000) for both
Cook and Lake, approximately $69,700 would have been levied over and above our
actual request to compensate for losses in the collection effort. This is
equal to .90% of net taxes as levied in both counties for the 2000 tax year.
The Village has the option, through the adoption of a resolution, to direct
the County Clerks not to collect this additional tax from local property
owners. This same action has been taken in both Cook and Lake Counties for
several tax year, although the final collection history for the 2000 tax
extensions will not be available until early -2002. It has been determined
that, with the Village's ten year collection history in Cook County (99.50%
from the 1990 levy) and in Lake County (100.14% for the same period), combined
with the proceeds of the Personal Property Replacement Tax and other revenue,
justification exists to request eliminate of this additional form of taxation.
The Tax Levy Ordinance for 2001 will not include any cost of collection due to
extension losses. Future collection history versus levy will continue to be
analyzed to determine if there will ever be a need to re- institute the
supplemental levies. For tax year 2001, Resolutions have been prepared for
Village Board consideration in a manner comparable to what has been the
practice in prior years.
TO: William R. Balling
FROM: William H. Brimm
DATE: September 14, 2001
SUBJECT: 2001 Property Tax Levy Ordinance
Cook and Lake County Cost of Collection
The County Clerks in both Cook and Lake County have statutory authority to
increase local tax levies in order to offset losses due to non - collection of
property taxes within the counties under their responsibility. In Cook, the
increase can equal 3% of corporate purpose and pension levies with an additional
5% for debt principal and interest levies. In Lake County, the authority is
similar, but not as broad. The only levies that can be increased are for bonded
principal and interest, which are increased by only 2 %. Using the last complete
tax year for which final data is available (2000) for both Cook and Lake,
approximately $69,700 would have been levied over and above our actual request
to compensate for losses in the collection effort. This is equal to .90% of net
taxes as levied in both counties for the 2000 tax year.
The Village has the option, through the adoption of a resolution, to direct the
County Clerks not to collect this additional tax from local property owners. This
same action has been taken in both Cook and Lake Counties for several tax year,
although the final collection history for the 2000 tax extensions will not be
available until early -2002. It has been determined that, with the Village's ten
year collection history in Cook County (99.50% from the 1990 levy) and in Lake
County (100.14% for the same period), combined with the proceeds of the Personal
Property Replacement Tax and other revenue, justification exists to request
eliminate of this additional form of taxation.
The Tax Levy Ordinance for 2001 will not include any cost of collection due to
extension losses. Future collection history versus levy will continue to be
analyzed to determine if there will ever be a need to re- institute the
supplemental levies. For tax year 2001, Resolutions have been prepared for
Village Board consideration in a manner comparable to what has been the practice
in prior years.
For additional information on this matter, the attached collection analysis
showing overall collection versus levy history for the Village since tax year
1977 is prepared for review to support the statistical methodology behind this
proposal.
William H. Bri