1990-30RESOLUTION NO. 90- 30
A RESOLUTION REQUESTING THE COUNTY OF LAKE TO NOT 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 procedures: and
WHEREAS, the County of Lake has made it a policy to extend additional
amounts over and above those levies requested by the Village to offset any
loss in collectability; and
WHEREAS, these additional taxes will not be needed by the Village to
perform its operational 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 loss and cost of collection notes in addition to those levies
requested by the Village of Buffalo Grove in its 1990 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: 4 - Mariethal, O'Malley, Kahn, President Clayton
NAYES: 0 - None
ABSENT: 3 - Reid, Shifrin, Mathias
PASSED: August 6 , 1990.
APPROVED: August 6 , 1990.
ATTEST:
Qpl�
Villa lerk
Village President G
,r
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
LEVIED
COLLECTED
COLLECTED
RATE
LEVIED
COLLECTED
COLLECTED
COLLECTED
1977
1979
0.680
227,927.00
------- - - -- --
227,989.00
- - - - - --
100.03%
- - - - - --
0.815
-- -----------
445,112.00
420,292.79
_______
94.42%
___ =_____
96.32%
1978
1980
0.670
333,126.00
328,192.00
98.52%
0.852
486,057.00
485,734.63
99.93%
99.36%
1979
1981
0.661
435,129.00
424,251.00
97.50%
0.741
429,997.00
425,067.44
98.85%
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
1,008,046.83
97.98%
98.88%
1982
1984
1.064
954,484.00
952,573.00
99.80%
1.322
1,124,454.00
1,118,671.74
99.49%
99.63%
1983
1985
1.570
1,494,891.00
1,478,297.00
98.89%
1.985
1,612,841.20
1,608,755.61
99.75%
99.33%
1984
1986
1.681
1,762,461.00
1,759,475.80
99.83%
1.977
1,804,427.29
1,817,253.88
100.71%
100.28%
1985
1987
1.581
1,965,438.59
1,960,347.56
99.74%
1.906
1,729,719.47
1,717,328.52
99.28%
99.53%
1986
1988
1.395
2,160,094.01
2,157,348.25
99.87%
1.782
1,705,603.75
1,680,613.10
98.53%
99.28%
1987
1989
1.147
2,353,670.86
2,347,383.55
99.73%
1.561
1,569,282.46
1,574,421.14
100.33%
99.971A
1988
1990
1.050
2,748,750.89
2,745,057.59
99.87-/
1.448
1,524,735.91
1,528,323.85
100.24%
100.00%
1989
1991
1.024
3,420,451.23
1,751,895.00
51.22%
1.085
1,423,549.73
730,992.03
51.35%
51.26%
TOTAL
19,876,059.58
--- --- - --
18,140,094.75
- - - -- --
91.277.
- --- --- - - ----
15,651,176.72
- ----- - --- - --
14,879,994.51
- - -- - --
95.07%
92.94%
TOTALS-LAST TEN FINAL
TAX YEARS -79 THRU 88 15,894,555.35 15,832,018.75 99.61% 13,296,457.99 13,242,975.06 99.60% 99.60%