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"UOTIPITPISUT jadoid jo painsua ajam suazTl!z) let4l os SUOTI:)adsUT '2UT17nbaj jo ap!s at4z uo i7le pinoqs aSPTHA age IP41 Ilai a4 inq juawngie a4l jo sap!s i4loq off. j!.jaw sem a.JQ141 jRt4j 11al pue sa:)uelswn:)JTZ) G1141 Pc-)A&aTAaJ PS14 ay TP141 PaISDIPUT jnl4jjV 9alsnJJL -JU;)WaJTnbai I!wJad at4l jo asneoaq pazTlpuad 2UTaq sem uewsapeij T-euoTssajoid o O SIMIS Q le qj 2UTZTjqn uosiad r jSqj pajeadde j! ji4; ppaaj2-e sojolq oa-1 oalsni.L J -slrsodsTp aS-eqjleB JO uOUeTTeISUT AlTnej aqj of anp qjvap jo/pue AjnfUT 10 SlUap!:)UT ;)qj UO SOTISTIPTS Ja'41P� 01 PQP;aaU UVJs TP141 UOTlpnl!s aqj jo uoTssn:)sTp pauospai P a>jPjjapun pino:) pipog a4l cijojaq reqj SUTlaaj S,JOAPW aqT SSM 11 -Aj!ATj:)P Bans aleTngaj OZ Paau s,a2'eTT!A aqj snS.JaA UOTIPTTVIsu! Allnej wojj 2utlInsaj jaumoawoq S off. >JST.J Q141 JO 2UT:)ueleq S pajTnba.] UOTI-enj!s aqj jvqj palRDTPUT asnejN uATojp:) joA-eVy -QPOO s-a2PTTTA at4l wOJJ ua>j:)iijs aq pinoqs lajojajat4l 'pule ajqleaDjojuaun sem 6aloqA& v se laoupuTpjo at4Z jRt4j ilaj jalllW ,jW Ijaq3jnA -uotjiejn2a.j jo ads l awes ai4j of 1:>afqns jou sem jl;aswit4 UOTI-ellieISUT al4l ;D>IPW of asoi4:) o4m Tenp!ATPUT LM lleql UOTIUaluoD Sljcllllw -JW SRM 1,1 -UOTj:)adSUT ;a2'ell!A P ,loj oo-�Z� Aed 01 aAeq pTnom aq Ball PaWJOJUT sen*. pur liesodSTP aS-eqj-e2 at4j TTejsuT ol jaqwnTd pule uleTZ)T.Jl:)aTa TleUOTSS;)JOjd e jo sci:)TAjas aqj paimas peg aq asneDaq pazTTleuad Alnpun 2UTqq sem aq jet4l SUTTc-),Q; Sliall!W -jW sem 11 -sTpsodsTp a2eqjO JO UOTIPITPTsUT age JOJ sjjwjad 2UT.JTnbaj Inoqv AZ)Tjod sa2-ell!A at4l Tnoqle aimbUT an!wwo:) aiolaq paileadde lqljoA%I!u ol sjaqwaw c QaN 41noS ICI jo ljall!W pg ,jW GWV9H 99 01 SNgZIJLID 0111 -PaTTJ Pue pajda:)De aJ,aA% L961 `CZ aunt jo Supaaw aloqj aye. JO aaWwwO:) at4l jo sajnUTW aqjL -vTpaW juqd at4l woij suosiad oA&I ajam ivasaid osIV -:)PTMalS JaP14Z)TW JuvjSTSSV t4aileasa-d PUS >IDOIAed PTPuOld cl:)TIOd ;0 ;aTq::) 'STUOURr TaPqDTVV jageueW aSETTIA age. 01 JUR3.STSSV 4UOXT(] uolTng uqor las'euPW APTHA :aJaA& SUTIaaW Qqj IS juasaid osIV -2.jaquall?l ,a.iopoat4.L aalsnj.L. sena SUTZaQW aqj Wojj ivasqV -waaD uvA a2.JOQ!) Pue ST>Isn,e.inW ewioN 'sojolg oa-1 'Aalileg PT!e.JQD Ijn'43JV OISE saalsnjjL lasneim uAlojp:) JOARW -OaJam SUTZaaW at4l IS lUaSa.]Cl -W-d O IS japio of paTTez) sPA& 2UTlaaW at4.L llv:) llos I L96t 'fit AWIC 91014it 9HI 90 33111WWO:) S91riNiw There was brief discussion among Committee members regarding the situation. The consensus of the Board members was that staff compile more statistics regarding the subject and bring it back for discussion at a future Committee of the Whole meeting. Mr. Tim Corcoran, of 524 Hill Street, appeared before the Mayor and Board of Trustees and invited Board members to come out to the site of the proposed Rand Hill Shopping Center and view the traffic congestion at rush hour. He felt that this would provide a better understanding for Trustees leading into their discussion of the proposed project on August 4. Mr. Mike Hertz, of 1001 Ardyce Lane, addressed the Mayor and Board of Trustees regarding the proposed Harvest Homes Development. He indicated that residents in the area were conducting their own traffic study and Mr. Hertz felt that due to the potential for increased traffic congestion that the Village should undertake a traffic study of its own. Mayor Krause indicated that she had directed Village staff to review the traffic situation with an eye on reconfiguring the street layout of the Subdivision to address any potential problems. There was brief discussion among Committee members and Mayor Krause asked Mr. Hertz to deliver the results of the neighborhood traffic study to the Village prior to the next Village There being no other citizens to be heard, the Committee moved on to the next item of business. Mayor Krause reviewed the memo of Chief Pavlock regarding the awarding of a three-year Towing Contract to Prospect Towing. Mr. Patrick Comer, of 1304 Santee Lane, addressed the Board regarding difficulties he experienced with Prospect Towing with regard to an accident his wife had several years ago. It was Mr. Comer's opinion that the Village would be better served by limiting the contract to one-year and he also suggested that various steps be taken to better inform accident victims of the circumstances surrounding the retrieval of personal property in their automobiles. Police Chief Pavlock indicated that the suggestions put out by Mr. Comer had been implemented by the Police Department and that for the past twelve months, they had received no verifiable complaint regarding the services being provided by Prospect Towing, Trustee Arthur indicated that he was comfortable with the three-year contract in light of a clause in the contract allowing for immediate termination of said contract upon a finding by the Village that the contractor was in violation of the contract or was not providing proper service to accident victims* After a brief discussion among Committee members, it was the consensus of the Committee to award the bid to Prospect Towing. Mr. Dixon indicated that it would be placed on the next regular Board Agenda for official action. ,� 2 - - E - -iz>afojd aqi ql!m ssai2oid 10 PaW.JOJUT jda>1 aq ox pa>lsp aaii!wwoo aqi 11jodai a141 SUTANOTTOq -a>i,eljapun of pal-e2Tlqo ajam AaLjj swa;! 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JPJaAGIS aJatA aJa4l 'alaldwo:) %06 Alai a.JaM SlUaWaAoidwi aj!i4m 'IEt4j palie:)TpuT sTuou'er -jW -wjoj;,eld PUP UOT;PjS UTPJ.L UJalSaAk 141JON PUP O2EZ)T14:) a141 01 SlUclWaAoidWT jo snirls at4l siaqwaw aall!WWO:) t4l!M PaMalAaJ STUOUPC jaPq3TW jaftuieVy aSvll!A age. 01 JURISTSSV SlNgWgAOSdWI N011VIS CIVONIMI 011A -uoTjPj.ipjsuoz) jai4linj joj aloq& at4i jo aall!wwo:) aqj ol suoTssnz)sip jo sjjnsaj at4j >1:)ieq liodai off. poiz)ajTp SEA& jjpl& -alleTidoiddie sem sTql jPt4j jjaj ac-)ll!wwo:) aqj pule c-):)u-eUTPJO aqj JO sz)Tj!.-)ads ssnosip of MKS a2PTHA LITYA umOP T!s 01 a>l!T pTnom aq 11eqj pQjE:)TPUT PUPA -.'W 'a2PTHA aql JO SISaJQIUT Isaq at4l UT aJaM wiejSO.Jd c -)p! -d IOTUQS Q141 PUP AjajPS 01 P.J1e2aJ 141!M UOTIeTn2ai 11eqj sjaqwaw aalzlwwo:) 2uow-e snsuasuo:) mem ;ai;aq.L -J(JPSSa:);DU SPtA UOTSTAaJ jat4linj jPqj Taaj IOU P!P a14S -UOTI!IidwoD alowoid ol se os PaSTAaJ AlluaDai uaaq prq a:)U'eUTPJO aqj jPqj PajPD!PUT ST>Isn1einW c-)alsni.L -a2leTT!A al4l UT141!A& UOTI!Iadwo:) ajow Suijalsoj uo aAa UP 4ITM ajnl:)njls alpi aLjJ JO A&aTAc-)J P claS 01 a)jjT pTnom a4 lie4l palle:)TPUT waaD UPA aazsnjjL -aSPIVA a4l UTt4l!A*, slxej jo ajnl:>njzs al-ei aqj AlkaTAaJ 01 PaaU aqj 2UTPJ'eSQJ sjaqwaw aall!wwoo 2uowie UOTssn:)STP T'eJaUa2 SEM QJal4jL aqj ainsuT ol aso4o hupdwoD az)upjnsui aq TE41 IDVI Q41 Aq Pa:)Uap!Aa se ajpnbapp SPA& SaTz)!qc-)A aqj jo Alajps at4i jjaj aq IP41. pajuawwoz) j;aqljnj PUPA JW -SaUTield Sa(j UT suoTl:)adsui passed p -eq jDadSOJd junoW UT suoTjoadsUT PaHEJ j1eqj SqRz) awes W41 let4l ul IDTJls ool aq ol paivaddie sluawajTnbaj Alapes sAPTHA aql IP41 ITQJ at4 JP141 PaTPDTPUT OsTle 'euuEA "W -awosucipinq SPA& UJPJSO'd aPl-8 JOTUQS qt4j lieLli palleDTPUT PUPA 'JW 'AjjPZ)TjpadS -wai4i joj aTq-el!joid aq IOU pjnOmP UP aATjjjadwoD IOU SEA& a2EIIIA aql UT ainlDnils azpj aqj jjaj Aaqj jEqj jovj aqj off, anp sem a2eTTIA a4j UT SQSUa:)T-1 Cue 2ui>jaas IOU sEm qe:) Al!unwwo:) jEt4z suosPai aqj re'41 aIRZ)TPUT OT siaqwaw aajj!wwo2) ajojaq pai-eadd-e q -e:) AlTunwwo:) jo PUPA >1:)TC1 -JVV -1:)adSO-ld junoW JO aSPTI!A aqj 41!Ak SaSUa:)T-j )JaaS 01 aJTSQP IOU p!p Aaql pal-e:)TPUT qe:) Al!unwwo:) jo siaumo ax4j jPi4j IDEj aqj ol anp umpjpqz!m aq sauTPTcj sail jo AuedwoZ) q -e:) Al!unwwo:) 01 SaSUa3T-j qPZ) !xpjL jo a:)uenssT aqj joj UOTIPZTJoqln'e IR141 DPINaIS a>I!W IU'eISTSSV q:)jle;as;a-d Aq uoTjPpuawwo:)aj E PaMQTAaJ siaqwaw aall!wwo:) NOIIVZI*SOHIfIV ONISN9011 90 NOISSIDON IA -IRAoidd'e PJPOG IPT:)TJJO JOJ Sugaaw preoig xejnSaj Ixau at4j uo pa:)-eld aq THA& Wall aql Pule UOTTDP at4i ql!A& pajimmoD aajj!wwo:) at4jL -jiwwns ST141 UOTzDn.1jsuo:) Joj palnpaq:)s sem anUaAV jsjnqwjg PUP CS alno-H uaamlaq anUaAV Ua;D.J2.JaAg Suope >jjetAap!s pus jallnS lqjn:> 01 TUaWaAoidWT pasodoid STt4.L -Aluo sasodind j1eUOTjPw.JOJUT JOJ PIR042 al4l 10 UOTjU.Qjj1e aqj off. Wall STqj SU12UTiq sem at{ reqj PajPZ)TPUT UOXT(] -JW Nouniosaa LAW-S1N9W9A0NdW1 gnNgAV N99NDEgAg *A VIII -MANAGER'S REPORT Village Manager John Fulton Dixon reported that the Village -Manager's office had been busy with various projects over the past several weeks including information gathering for the Tax Increment Financing Project. Also, the Manager's office had been involved in extensive negotiations with various employee groups and finally, other developments taking place within the Village were being reviewed for compliance with all applicable Village Codes. IX. ANY OTHER BUSINESS Trustee Gerald Farley indicated that he would like to see some of the Deferred Items on the Committee of the Whole Agenda be brought up for discussion in the near future. X. EXECUTIVE SESSION At 8:45 p.m., there was a Motion by Trustee Gerald Farley and Seconded by Trustee Van Geem to go into Executive Session for the purposes of discussing collective bargaining and land acquisition. There being no other businesses conducted by the Committee of the Whole, the meeting was adjourned at 9:17 p.m. �bmitted, R ectfully MIC AES NIS Assistant to the illage Manager MEJ/rcw - 4 - 105PUPW 06PTTTA uoxTCI uoqlna uqor -spun] TequamaTddns gnogqTM qoaCoid ail sxqq 5UTpunj ui s9TqjnoijjTp anoui IOU OP am qpqq a - r -1 1 sp asoTo uamajoul 00010S aqq on aTqTssod Os V eajv qq6jPl ul T sp Apqs oq sn joj queqjoduix XTatuejqxa sT IT qvqj ssajqs qsnw I -ail 0 qqq, go spaip jaqqo pung dTaq oq spun] ssaoxe aqPjnmnoov pTnom APMqb'H qSOmqqJON buOTP PaJV q9blel aqq qeqq paqPdT3TqUg TTTPuT,51,JO svm qI -umo SIT UO 5UTPUP4S "V" gGiv -495jel uo paspq sT aTnpatjos ajTque slqq qeqq PUTPI UT. daaX pTnoqs pjeog aql -puno4 aq oq OAPq jjTM spun] go saoinos jaqqo 'sG-1Ou9-EO-1JaP JO-sJeaA 9sOT44 uI 'PaseGJOU' s -E 000'OST$ aqq jT sjvqA Tvu-1 1 TT -: -M 9 uT paspajoap aq osjv 11-M SGaOX9 aATqvjnuino aqq ATaSJ9AU00 'OsP9JOUT. 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1985 and revised estimates for 1986 - 1987. Following is a summary of actual E.A.V., Village tax levies, and the Village tax rates for 1981 - 1985 and the estimates for 1986 - 1987: Tax Rate Per Year, E.A.V. Village Levy $100 E.A.V. 1981 $428,639,752 $4,4201418 $1.0311 1982 460,309,540 4,435,281 .9636 I 4,5969727 1.0232 1984 463,8339274 49082,256 .8803 1985 51792639736 49641t148 .8980 1986 (Est) 53297809000 5,242,293 .9840 1987 (Est) 54897639000 69039,614 1.1006 The increase in the tax rate from 1986 to 1987 can be attributed primarily to higher levies for General Corporate purposes, Refuse Disposal, and General Obligation Bond and Interest requirements, The tax levy for Special Service Area No. 5 is consistent with our most recent projections and should result in a tax rate of about $.313. This is $.127 less than the $.440 rate for 1987 that was approved in 1982. The Library levy will result in a tax rate for operating purposes of an estimated $.2488, which is $.0188 higher than the rate previously approved by referendum. The Library Board has requested t ' hat the levy be left at the amount requested in anticipation of an increase to be approved in a November 1987 referendum. If the increase is not approved, an abatement will be filed to reduce the levy to an amount that is consistent with the previously approved rate. Pursuant to the procedures required in the Truth in Taxation Act, the following -Frhedule should be followed: 1. August 4, 1987 - adopt resolution establishing the amounts of money needed to be raised by taxation for the fiscal year, May 1, 1987 - April 30, 1988. 2. 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A 'L86L UT uoTqonpap X84 awoouT Tes9pa3 ayq JO uoTgEUTwTTa aye. oq anp sales seo y6Ty ATTseuTpsoesqxa 40aTJax L86 L yoseW UT panTaoas saxes. 9861 sagwaoaa ayq asneoaq buT6esno3sTp asow uana ST uoT�.ewsoJUT sryl •D/C•0 JO aseasouT TTesano ue sad 986L UT poTsad awes aye us 'q sagea.z6 6 LC `8$ �CTuo ase L86 L Jo syquow uanas gSJTJ ayq jo j sgdTaoas gegq uaas aq ueo IT uosTiedwoo anoge aye. wos3 i78C �0 Z$ C 0 L C1i9 Z� _ sTeqol <LSZ'L > 669'tSC zvv CSc ATnC TT3dV <698'9 > Zc9`95c OL'OC aunC yoseW <OSS ` C L> 8CC' 6CC 88L' SZC AeW Asensga3 .m ZC0' 6Z 6 L8 ` 6 K LS8 ` 8vc TTjdd AxenuaC LLL `0Z LW 085 899 `oz5 y0JBW sagwaoa{] <65Z'L > L9L'LOV 80S100V Asensga3 jagwano{y <SS6 ` L L> 90 ` 9SC $ C89' VtC $ AsenueC sagogoo aouasajjTG 986L L86L p9nta08H aTes Jo yquoW y4uoW :986L glTM L86 L JO syquow uanas ISJTJ ayj JOJ sgdTaoaJ JO uosTsedwoo buTMoTTOJ aye UT paqesqsnTTT aq ueo sanuanas XRq saTes JO JJo buTTanaT 109sedde ayl • susaouoo asayq ua uoTgBWJOJuT TsuoTgTppe awos quasasd TTTM I 'qsodai sTgq uI pun3 Tesaua0 ayq UT seah yoea papaau IIAauow Mau,, jo Ooo'000` L$ oI 0001008$ ayq punj dTay of papaau aq rCew anuanas JO saoinos saggo 4ey4 sueaw IT ' j jO buTTanaT qoeJ UT aie sgdTaoas XBq saT-es JI • j j o 6uTTanaT sem sanuanas X8q saTes UT ggMos6 ayq gegq pajeadde IT pue 'p@jedToTgUE uaaq pey ueyq ssaT ATgesapTsuoo asaM sanuanaJ x84 saT8s 4841 gO8J ayI. sem usaouoo sageas6 JO 'sanaMoH • sanuanas awT4-auo oq pagngTjgqe aq Knoo snTdzns ayq jo Ism 'L8/986L UT saangTpuadxa papaaoxe sanuanas puna TBJauaO gbnoy4Te gggq p auoTquaw I ATTe oTJ Toads •gsodai geyq UT pasapTsuoo uaaq pey uegq ggdap asow UT passasppe aq oq papaau gegq susaouoo awos qno pagUTod I 11soda8 gabpn0 pu3 aeaA L8/98 6L ayI, uI squawasTnbaB anuaaaB puna TBJau90 :133C8os L861 'CZ ATnC : 31VG soqoasTQ aoueuT3 'uosdaC `3 PTASO :W083 sa6eueW a6eTTTA 'uoxTo uO4Tn3 uyoC :ol mlqOull11 'Z30 d • John Fulton Dixon Page 2 General Fund Revenue Requirements The importance of the growth of sales taxes can be seen from the following annual totals of sales tax revenues from 4/30/82 - 4/30/87: If receipts continue for the balance of the fiscal year in a similar pattern to the first seven months of the 1987 calendar year, we will be looking at an increase of less than $50,000 for the current fiscal year. Economic indicators that I have seen point to weak consumer demand in the coming months which confirms our concerns. The two new anchor stores at Ra,ndhurst will help our sales tax picture in 1988, but they can be expected to add, at best, $100,000 - $120,000 to our sales tax revenue. The growth in General Fund expenditures, or the need for new money, can be seen from the following schedule of total expenditures for 4/30/83 - 4/30/89: Annual Annual Percent Date Total Increase Increase 4/30/82 $392419729 $ - 4/30/63 3,489,224 247,495 7.6'(00/ 4/30/84 3,761,053 271,829 7.8% 4/30/85 491009282 339,229 9.0,fo CV 4/30/86 4,412,328 312,046 7 . 6% 4/30/87 415569466 144,138 3.3 If receipts continue for the balance of the fiscal year in a similar pattern to the first seven months of the 1987 calendar year, we will be looking at an increase of less than $50,000 for the current fiscal year. Economic indicators that I have seen point to weak consumer demand in the coming months which confirms our concerns. The two new anchor stores at Ra,ndhurst will help our sales tax picture in 1988, but they can be expected to add, at best, $100,000 - $120,000 to our sales tax revenue. The growth in General Fund expenditures, or the need for new money, can be seen from the following schedule of total expenditures for 4/30/83 - 4/30/89: The amounts through 4/30/87 are actual expenditures with the amount for 1988 based on Oe 1987/88 budget and the total for 4/30/89 assuming an increase from 1987/88 V of 5"a Total Annual Percent Date Expenditures Increase Increase 4/30/83 $ 8,638,549 4/30/84 9,449,769 811,220 9.4.,0CV 4/30/85 109386,601 936,832 9.9fo01 4/30/86 11,382,641 996,040 9.60 4/30/87 129218,115 (1) 835,474 7.3"0 W 4/30/88 13,293,520 - 1,075,405 8.81/VO 4/30/89 13,9587200 664,680 W 5.0/0 (1) Excludes reimbursed flood expense of $253,617 The amounts through 4/30/87 are actual expenditures with the amount for 1988 based on Oe 1987/88 budget and the total for 4/30/89 assuming an increase from 1987/88 V of 5"a 068/Wt 04 LSIOUt wojj Aauow mau jo aoinos ST4q 4e4q uaas aq ueo qT saxe AqjadoJd JO MamasTnjbUTueaw ATuO aye aq TT!m I e wojj -SUOTqDaCoid OTqSTTeaJ ase aS@4q @AGTT@q I 'aAOqe paquasaid UDTqeWJOIUT aqq uodn pasee -68/H/v 104 DMIZOZ PUB 88/0C/t7 JCJ GSBaJ3UT %L - Z e q39TJaJ IF PUB LO/M/V PUB 98/OC/V jOj squnOWE Tenqoe ase ST8404 sax8l s@TSS a4l -sax8l Aqjadoid pue sax8l s@T8S qnoqe qU9WwO3 Oq G>ITT PTnom I UDTq3aS SaX81 aqi japun ,,O'spunj qu@wss9ssV TBToadS PTO„ SASTUA aq4 JO Ino-asOTO paqedTOTqUE aqq joj papnTOuT 000`SS L$ ST ajaqq 88/OC/j7 joj pue gins UOT408 -SSET0 x -404 e4 sOTes aqq JO UOTqnqTaqSTP 8 WOJJ 000'00L$ sapnTOUT LVOClt JOI Te aqq 6awoouj snO9u8TT90STW japun -qaodai STqq UT SjBaA aqq JO qO8@ UT P94OaTJ8J SE q6Tq aWT4-TTE ue q8 ase senuaA8J jTwjad OSTV 088/OC/t PUB L91007 y4TM STE404 98/oc,/V bUTiedwoo Aq uaas aq ueo SaSU90TT jonbTT PUB SaSUaOTT SSaUTsnq 'SaSUaOTT aTOTq9A UT SaSBGJOUT aqq JO 40ajja 9144 aTnpaqOS ST44 UI "6961. 9961 'OC TTJdV 6UTPu3 SJBGA TBOSTJ gql .god sanu9Aa8 punct TEJ@UaD 'L aTnpaqoS paq3eqqe UT papnTOUT S9TJO5aqBO anuaAaJ aqq bUTMaTAaJ Aq uaas aq ueo ajnqOTd JaJeaTO 8 sdeqJad 'UOT4TPUOO TSTOUBUTJ S,abSTTTA at4q ua>le@m ATqejapTsuoo PTnom PUB 68/OC/V Aq 000`000`6.$ UBq4 ssaT oq punJ TeJaua9 aqq UT aOueTeq pun ino aonpai PTnom 4T Isin000 STqq JI -OZOIB£V$ Aq 68/8861 UT PUB OZO'OLV$ Aq 881L,861 UT sanuaAGJ P;aaDXa Oq paqoadxa ase sajnITpuadxa jeq4 uaas aq ueo qT UOTjUWJOJUT aAoqe aqq WOJ4 'POTTad jet4j, so suo-r1 oaCoad uodn paseq ase 613/OC/-h joj pue squnows qebpnq 88IL861 PaSTAaJ uodn paseq ase qq/OC/V joi sanuaA@J T8101 LWCSZ$ jo asuadxa POOTJ pasinqWT@J sapnTOX3 <oozlqct> OOZ'896'CL <OZO'OM OZ9'�W�'1 LZZ'68t Be/oc/v <ZZ8 L8D 'o-91-crooc, LL qqcicSt L09,98CIOL SOL'COZ 69L'6W6 tcclscc $ 6t7S"8C9'8 $ <T; D""u- aT 0 �Tj a (I > s@anqTpuadx3 JO ss@Ox3 TE -401 00010mla 68/007 00S 6 CZ91ZL Be/oc/v W ZVC'LOL'ZL WOUV Ug'tWOL 98/0f/V L86'6WO1 sg/oc/t t0'CS9'6 ts/oc/v C89'CL6'8 $ Woc/t sonu@A@8 age(] T18401 :moT@q POTied awes aqj joj s@jn4Tpuadxa Tel0l qlTm paiedwoo ase 68/OC/t - C8/0C/t7 job. senuaAaJ Te401 SIU@W@JTnb@8 anU@A88 punJ TEJ9uaD abed UOXT(] uOlTnj uqoC John Fulton Dixon Page 4 General Fund Revenue Requirements The increases in Property Taxes are some $659,000 from 4/30/86 to 4/30/87 and $440,000 from 4/30/87 to 4/30/88 and $545,000 from 4/30/88 to 4/30/89. The increases mentioned were built into the 1985, 1986, and 1987 tax levies to cover higher refuse disposal costs, to replace lost Revenue Sharing monies, and to help fund normal budget increases. In order to sustain this level of increase for, the 1989/90 and 1990/91 fiscal years the '1988 and 1989 ta,,x, levies, will need to increase approximately 10% - 12.10 annually. One of the other points that I would also like to mention is that these projections do not include any, new services or other than normal, increases to existing services. If additional street, resurfacing, public safety, beauti- fication, or land acquisition projects arncluded in the General Fund, the requirements will of necessity be higher. .1 -.0 The- purpose of this report has been to expand upon some concerns expressed in the 1986/87 Year End Budget Report. Some of the information presented is based upon assumptions and projections, but I believe they are as reasonable as they can be at this time. I believe that the information points to the necessity for either a strong commitment for higher property taxes in coming years or to some other revenue sources for the General Fund. 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aqBTn5aa oq jamod aqq '04 PaqTWTT qou qnq bUTpnTOUT SJTeJjB PUB qUaWUJaAOb SIT 01 6UTUTEqjad UOTqounj ,Cue waojaed pue jamod Cue asTojaxa Asw qTun aTnj awoq esso lb :qeqq lqjed UT 'S9PTAOjd (s) 9 UOT109S 'IIA aTDTqjV -UOTqn4T4suOJ STOUTTTI OLU Sqq UT punoj ST SaT4TTed -TOTunw GTnj awoq joj saoinos anUGAaJ 6uTdoTaAap JOJ AqTjoqqn8 TBJau@b aql *996L UT pajedead cot,uoncid uci 4.Todai :;§-IOTA@jd e jo aqepdn ue ST qjodea STt4j Sa3anoS anUaA98 Jaqqo :133cons L86L '�Z ATnC :31VO JOqOaJTO 9OU8UTJ luosdaC -3 PTASG W014i J@beuBW abBTTTA 'UOXTG uO4Tnj uqoC :01 Wn 0NOW3K 3DI-430WILNI Yd 7 slouilli Inadsold aunoW 0%0%9cfsOJCi 4ulM-OlVJ 40 95ell!A 11 lip-, John Fulton Dixon Page 2 Other Revenue Sources Although a home rule municipality has the authority to impose a wide variety of taxes and fees, there is a somewhat limited number of other revenue sources, that are commonly being used by other communities. Northern Illinois University recently conducted a revenue survey of 188 Illinois municipalities. In that study, the following commmonly used special taxes and licenses and user'fees were reported: SDecial Taxes License/User Flee.s. Food & Beverage Tax Business Licenses Local Sales Tax Liquor Licenses Hotel/"!1C,'---1A. Tax Vehicle Licenses Real Estate Transfer Tax Ambulance Fees Utility Taxes Garbage Fees A brief explanation of these revenue sources which are not being used by the Village of Mount Prospect follows: Food and Beverage Tax The Food and Beverage Tax is a tax imposed upon the purchase of prepared food or alcoholic liquor at a restaurant or liquor establishment and upon the purchase of alcoholic liquor at retail. The tax is often considered a privilege tax or luxury tax because the items purchased are not necessities. During 1985, the State of Illinois reported sales from Drinking and Eating Establishments in Mount Prospect of $34,6119000. This does not include sales from retail businesses such as grocery stores, which are not classified as a Drinking and Eating Establishment but which sell alcoholic beverages at retail. Based upon this information, it is estimated that a Food and Beverage Tax would produce approximately $450,000 for each 1'10 tax. Two of the municipalities that have imposed the tax indicated that the tax is relativeiy easy to administer once the procedures are in place. The information for determining the local tax is obtained from the taxpayer's State sales tax return. Accordingly, it provides a good basis for auditing the amount actually paid to the municipality. The cost of collection should be in the range of 2"a" - 30 Of the tax collected. Local Sales Taxes Local sales taxes can be imposed on retail sales in addition to the 1% municipal tax collected by the State of Illinois. The 1% municipal tax collected by the State is expected to produce $4,650,000 during the 1987/88 fiscal year. As a result, it is relatively easy to determine the additional revenue that could be realized by the adoption of an additional sales tax. It should be pointed out that this type of tax is not commonly used in the Chicago suburban area and is difficult to administer* - UOT40@TTOO JO %OL PGqSWTjSa US oq 6UTqunowe saaj aouelnqwe bUTIOaTTOO PUB 6UTTTTq UT PaATOAUT MJOm TeOTJOTO JO qunowe 4UBOTJTU6TS 8 ST aJaqq qBqq PaUOTqUaW aq PTnoqs ql ojeaA sad OOO'OOL$ ATaqeWTxoadde jo @nUaA@J q;@U UT . 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The logic is that individuals who live outside the Village are getting the benefit of a specific Village service without a charge. If 500 ambulance service calls were billed at $125 per call to out of town users, even if only 500o of the bills were collected, the revenue produced over two years would be sufficient to purchase a new ambulance* Refuse Disposal Fees Municipalities finance garbage collection either through fees or property taxes or a combination of both. Additionally, residents of some communities pay a fee directly to a private contractor. In the Revenue Study mentioned above, 78 of the municipalities financed garbage disposal through property taxes and 93 reported that they charged a user fee. In our neighboring communities, Des Plaines charges a fee and Arlington Heights residents pay the contractor directly* The collection of a refuse disposal fee could be accomplished by adding the charge to the water bill. It would be an efficient way to collect the fee with costs estimated in the range of 3110 to 4% of the amount collected. A fee of $8.,00 per month for single-family and $4.00 per month for multi -family units could produce $1,500,000 annually* The above revenues are not all-inclusive but they are representative of some of the other revenue sources that could be available to the Village of Mount Prospect.- , DCJ/sm