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Home My WebLink AboutOrd 6586 11/16/2021 Authorizing the levy and collection of taxes for the corporate and municipal purpose of the Village of Mount Prospect for the fiscal year beginning January 01, 2021 and ending December 31, 2021ORDINANCE NO. 6586 AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR THE CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2021 AND ENDING DECEMBER 31, 2021 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 16th day of November 2021 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 17th day of November 2021. ORDINANCE NO. 6586 AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR THE CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2021 AND ENDING DECEMBER 31, 2021 NOW, THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, as follows: Section 1: That the sum of Thirty Million Seven Hundred and Ninety Nine Thousand Two Hundred and Fifty Nine Dollars ($30,799,259) the same being the total amount to be levied of budget appropriations heretofore made for the corporate and municipal purposes for the fiscal year beginning January 1, 2021 and ending December 31, 2021 as approved by the President and Board of Trustees of the Village of Mount Prospect, be and the same is hereby levied on all taxable property within the Village of Mount Prospect according to the valuation of said property as is, or shall be assessed or equalized by the State and County purposes for the current year 2021. Section 2: The budgetary appropriations having been made by the President and Board of Trustees of the Village of Mount Prospect were passed and approved by Ordinance No. 6544 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 171 day of November, 2020, and amended by Ordinance No. 6558 on the 2nd day of March, 2021, and thereafter duly published according to law, the various objects and purposes for said budgetary appropriations are heretofore made and set forth under the column entitled "Amount Budgeted", and the specific amount herein levied for each object and purpose is set forth under the column entitled "Amount Levied", in Articles I through VI. VILLAGE OF MOUNT PROSPECT, ILLINOIS 2021 TAX LEVY Amount Amount Budgeted Levied ARTICLE I - POLICE PROTECTION Personal Services 11,386,727 4,346,500 Employee Benefits 6,456,709 0 Other Employee Costs 173,485 0 Contractual Services 1,865,933 0 Utilities 37,000 0 Insurance 190,661 0 Commodities & Supplies 228,535 0 Office Equipment 25,785 0 Other Equipment 14,738 0 Total Police Department 202379,573 4,346,500 TOTAL BUDGET FOR POLICE PROTECTION 20,379,573 AMOUNT TO BE RAISED BY TAX LEVY 4,346,500 ADD 2% FOR LOSS & COST OF COLLECTION 86,930 TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR POLICE PROTECTION 4,433,430 ARTICLE II -FIRE PROTECTION Personal Services 9,660,962 5,049,574 Employee Benefits 5,747,796 0 Other Employee Costs 155,240 0 Contractual Services 1,266,692 0 Utilities 21,000 0 Insurance 157,182 0 Commodities & Supplies 78,135 0 Building Improvements 5,500 0 Office Equipment 1,500 0 Other Equipment 166,054 0 Total Fire Department 17,260,061 5,049,574 TOTAL BUDGET FOR FIRE PROTECTION 17,260,061 AMOUNT TO BE RAISED BY TAX LEVY 5,049,574 ADD 2% FOR LOSS & COST OF COLLECTION 100,991 TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR FIRE PROTECTION 5,150,565 FA VILLAGE OF MOUNT PROSPECT, ILLINOIS 2021 TAX LEVY ARTICLE III - DEBT SERVICE 00 Debt Service 00 00 515 G.O. Bonds - Series 2012 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2012 00 00 516 G.O. Bonds - Series 2013 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2013 00 00 517 G.O. Bonds - Series 2014 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2014 00 00 518 G.O. Bonds - Series 2016 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2016 00 00 565 G.O. Bonds - Series 2017 - TIF Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2017 00 00 565 G.O. Bonds - Series 2017 - Water Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2017 00 00 566 G.O. Bonds - Series 2018A - TIF Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2018A - TIF 3 Amount Amount Budgeted Levied 885,000 885,000 27,436 27,436 0 0 912,436 912,436 585,000 0 336,206 0 0 0 921,206 0 1,125,000 1,125,000 71,700 71,700 0 0 1,1� 1,196,700 0 0 265,800 265,800 0 0 265,800 265,800 155,000 0 153,769 0 0 0 308,769 0 160,000 0 144,531 0 0 0 304,531 0 205,000 0 264,369 0 0 0 469,369 0 VILLAGE OF MOUNT PROSPECT, ILLINOIS 2021 TAX LEVY ARTICLE III - DEBT SERVICE (continued) 00 00 566 G.O. Bonds - Series 2018A - Water Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2018A - Water 00 00 519 G.O. Bonds - Series 2018B - New Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2018B - New 00 00 519 G.O. Bonds - Series 2018B - Refi Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2018B - Refi 00 00 565 G.O. Bonds - Series 2019A - Water Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2017 00 00 565 G.O. Bonds - Series 2019B - TIF Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2017 TOTAL BUDGET FOR DEBT SERVICE AMOUNT TO BE RAISED BY TAX LEVY ADD 2% FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR DEBT SERVICE H Amount Amount Bud emoted Levied 150,000 0 168,000 0 0 0 318,000 0 0 () 1,444,250 329,250 0 0 1,444,250 329,250 0 0 124,500 124,500 0 0 124,500 124,500 265,000 0 325,800 0 0 0 590,800 0 0 0 265,350 0 0 0 265,350 0 7,121,711 2,828,686 56,574 2,885,260 VILLAGE OF MOUNT PROSPECT, ILLINOIS 2021 TAX LEVY ARTICLE IV - POLICE PENSION 00 Police Pensions Annual Pension Costs Total Police Pensions TOTAL BUDGET FOR POLICE PENSION AMOUNT TO BE RAISED BY TAX LEVY ADD 2% FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR POLICE PENSION ARTICLE V - FIREFIGHTERS' PENSION 00 Fire Pensions Annual Pension Costs Total Firefighters' Pensions TOTAL BUDGET FOR FIREFIGHTERS' PENSION AMOUNT TO BE RAISED BY TAX LEVY ADD 2% FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR FIREFIGHTERS' PENSION ARTICLE VI - MOUNT PROSPECT LIBRARY 90 Mount Prospect Library Library Expenditures Bond Principal Interest Expense/Fiscal Charges Total Library Services TOTAL BUDGET FOR MOUNT PROSPECT LIBRARY AMOUNT TO BE RAISED BY TAX LEVY - Library Expenditures AMOUNT TO BE RAISED BY TAX LEVY - Bond Principal and Interest ADD 2% FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR MOUNT PROSPECT LIBRARY 6 Amount Amount Budgeted Levied 3,820,016 3,495,016 3,820,016 2,495,016 3,820,016 3,495,016 69,900 3,564,916 3,667,817 3,367,483 3,667,817 3,367,483 3,667,817 3,367,483 67,350 13,496,556 10,131,000 1,550,000 1,550,000 31,000 31,000 15,077,556 11,712,000 15,077,556 10,131,000 1,581,000 234,240 11,946,240 VILLAGE OF MOUNT PROSPECT, ILLINOIS 2021 TAX LEVY SUMMARY VI Mount Prospect Library Library Services Library Debt Service Library Totals 13,496,556 10,131,000 L581,000 1,581,000 15 077 556 111 712,000 202,620.00 10,333,620 31620.00 1,612,620 234,240.00 112946240 Village and Library Totals $ 67026,734 30,799;259 615,985.00 31415,244 Amount Total to be Raised Amount Tax Levy Amount by for Loss Incl. Loss Article Fund Buketed Tax Levy and Cost and Cost I Police Protection $ 20,379,573 4,346,500 86,930.00 4,433,430 1I Fire Protection 17,260,061 5,049,574 100,991.00 5,150,565 III Debt Service 7,121,711 2,828,686 56,574.00 2,885,260 IV Police Pension 3,820,016 3,495,016 69,900.00 3,564,916 V Firefighters' Pension 31667817 3,367,483 67,350.00 3,434,833 Village Totals 52,249ZI78 191087,259 3811745.00 19,469ZO04 VI Mount Prospect Library Library Services Library Debt Service Library Totals 13,496,556 10,131,000 L581,000 1,581,000 15 077 556 111 712,000 202,620.00 10,333,620 31620.00 1,612,620 234,240.00 112946240 Village and Library Totals $ 67026,734 30,799;259 615,985.00 31415,244 Section 3: The sum of $384,200 is budgeted to be received from personal property replacement tax revenue during the fiscal year commencing January 1, 2021 and ending December 31, 2021 and has been included herein as funds to be derived from sources other than property taxes supporting expenses related to police and fire protection, general obligation bonds and interest, public safety pensions and library services. Section 4: That the County Clerk is directed to add 2% to the requested tax levy as a provision for loss and cost. Section 5: That the Village Clerk of the Village of Mount Prospect is hereby directed to certify a copy of this Ordinance and is hereby authorized and directed to file a copy of the same with the County Clerk of Cook County, Illinois, within the time specified by law. Section 6: That, if any part or parts of this Ordinance shall be held to be unconstitutional or otherwise invalid, such constitutionality or invalidity, shall not affect the validity of the remaining parts of this Ordinance. The President and Board of Trustees of the Village of Mount Prospect hereby declares that they would have passed the remaining parts of the Ordinance of they had known that such parts or parts thereof would be declared unconstitutional or otherwise invalid. Section 7: That this Ordinance shall be in full force and effect from and after its passage, approval, publication in pamphlet form and recording, as provided by law. AYES: Filippone, Gens, Matuszak, Pissarreck, Rogers, Saccotelli NAYES: None ABSENT: None PASSED and APPROVED this 16th day of November 2021.. g��ITIoc� ert, "Mayor ATTEST: Karen Agoranos,V lege Clerk VILLAGE OF MOUNT PROSPECT Property Tax Levy - 2021 (Detailed) VILLAGE OF MOUNT PROSPECT Police Protection Fire Protection Police Pension Fund Firefighters' Pension Fund Total Operational Levy Debt Service Funds Series 2011B Series 2012 Series 2013 Series 2014 Series 2016 Series 2017 (TIF) Series 2017 (WTR) Series 201 Ba (TIF) Series 2018a (WTR) Series 2018b (new) Series 2018b (refi) Series 2019a (WTR) Series 20198 (TIF) Total Debt Service Levy 2021 Proan Tax LAvy 2020 Tax Extension Gross Net 2% Provision Total Total 2021 Subsidy/ 2021 Loss and 2021 2020 $ % Lem Abatements Levy Costs Extension Extension InclDec. Inc/Dec.) 4,346,500 4,346,500 86,930 4,433,430 4,433,430 - 0,00% 5,049,574 - 5,049,574 100,991 5,150,565 5,005,805 144,760 2.89% 3,820,016 325,000 3,495,016 69,900 3,564,916 3,842,397 (277,481) -7.22% 3,667,817 300,334 3,367,483 67,350 3,434,833 3,443,397 (8,564) -0.25% 16,883,907 625,334 16 73 325,171 16,583,744 16,725,029 (141,285) -0.841k - 10,131,000 - - - _ - 0.00% 912,436 - 912,436 18,249 930,685 932,378 (1,693) -0.18% 921,206 921,206 - - - 11,712,000 _ - 1,196,700 - 1,196,700 23,934 1,220,634 1,086,963 133,671 12.30% 265,800 - 265,800 5,316 271,116 271,116 - - 308,769 308,769 - - - 615,985 31,415,244 304,531 304,531 Total Operating Levy 27,014,907 625,334 469,369 469,369 26,917,364 - 1,727 0.01% Total Debt Service Levy 8,702,711 318,000 318,000 - _ _ _ - _ 1,444,250 1,115,000 329,250 6,585 335,835 - 335,835 0.4 124,500 - 124,500 2,490 126,990 453,516 (326,526) -72,00% 590,800 590,800 - _ _ _ _ 265,350 265,350 - - _ - - 7,121,711 4,293,025 2,828,686 56,574 2,885,260 2,743,973 141,287 5.15% Total Village Levy 24,005,618 4,918,359 19,087,259 381,745 19,469,004 19,469,002 2 0.00% Mount Prospect Public Library Library Levy Fund 10,131,000 - 10,131,000 202,620 10,333,620 10,190,608 143,012 1.40% Library Debt Service - Series 2016 1,581,000 - 1,581,000 31,620 1,612,620 1,607,826 4,794 0.30% Total Library Levy 11,712,000 - 11,712,000 234,240 11,946,240 11,798,434 147,806 1.25% Total Village and Library Combined 31,267,436 147,808 0.47% 35,717,618 4,918,359 30; 615,985 31,415,244 Total Operating Levy 27,014,907 625,334 26,389,573 527,791 26,917,364 26,915,637 1,727 0.01% Total Debt Service Levy 8,702,711 4,293,025 4,409,686 $$,194 4,497 4,351,799 146,081 3.36% 35,717,618 8 30, 61kM 31,41 31A7.436 147 0.4