2003-49RESOLUTION NO. 2003- 49
0
A RESOLUTION REQUESTING THE COUNTY OF LAKE 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 Lake
County as verified by audit and collection procedures; and
WHEREAS, the County of Lake 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 Lake 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
2003 Tax Levy Ordinance upon all taxable property within the Lake 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 Lake County.
AYES: 5 - Braiman, Berman, Johnson, Kahn, Trilling
NAYES: 0 -
ABSENT: 1 -
PASSED: December 1 ,2003. APPROVED: December 1 ,2003.
C/ rzoe oe
age President
ATTEST:
(r- �i.ufX%A.GsAU
Vil ge Clerk
VILLAGE OF BUFFALO GROVE
PROPERTY TAX COLLECTION HISTORY
TAX RATES, TAX LEVIES, AND TAX COLLECTIONS
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
100.03%
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%
1982
1984
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
2,341,383.55
99.73%
1.561
1,669,282.46
1,573,907.18
100.29%
99.96%
1988
1990
1.050
2,748,50.89
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°x6
99.73%
1990
1992
0.855
3,502,880.62
3,492,932.69
99.72%
0.959
1,405,703.83
1,395,001.74
99.24%
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
1,587,909.75
99.51%
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
1,532,404.79
99.55%
99.93%
1995
1997
0.726
4,855,828.18
4,876,310.65
100.42%
0.803
1,553,927.30
1,536,638.65
98.99%
100.05%
1996
1998
0.687
5,029,696.43
5,056,372.01
100.53%
0.785
1,533,649.87
1,521,570.66
99.21%
100.22%
1997
1999
0.675
5,198,349.44
5,224,400.83
100.50%
0.763
1,487,165.76
1,479,279.65
99.47%
100.27%
1998
2000
0.648
5,276,869.28
5,283,750.90
100.13%
0.719
1,516,118.00
1,514,060.72
99.86%
100.07%
1999
2001
0.653
5,595,209.20
5,602,218.60
100.13%
0.818
1,790,021.62
1,790,886.07
100.05%
100.11%
2000
2002
0.637
5,676,190.35
5,671,694.77
99.92%
0.855
1,862,421.92
1,841,757.40
98.89%
99.67%
2001
2003
0.647
6,188,984.45
6,191,083.96
100.03%
0.728
1,893,528.03
1,891,610.70
99.90%
100.00%
2002
2004
0.626
6,496,641.66
6,394,972.28
98.44%
2,010,410.41
1,355,458.34
67.42%
91.11%
TOTAL
85,336,492.40
85,243,736.84
99.8
31,127,767.36
36,263,015.21
97.67%
99.22%
TOTALS -LAST TEN FINAL
TAX YEARS -92 THRU 01 51,230,435.63 51,306,446.82 100.15% 16,328,178.93 16,239,991.56 99.46% 99.98%