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Adopting a Tax Levy for the General Fund (AS AMENDED)
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WHEREAS, the exact increase in rate setting EAV will not be available until after the deadline for the County to establish the property tax levy; and
WHEREAS, it is permitted for the property tax levy rate to be adjusted downward at the time the levy is extended.
NOW, THEREFORE, BE IT RESOLVED by the County Board of the County of Kane, State of Illinois, at this adjourned session of the November meeting of said County Board, held at the Government Center in Geneva, Kane County, Illinois as follows:
Section 1: There is hereby levied upon all taxable property within the County of Kane, the sum of:
THIRTY-THREE MILLION EIGHT HUNDRED THIRTY-ONE THOUSAND NINE
HUNDRED SEVENTY ONE DOLLARS ($33,831,971)
Section 2: The amount so levied represents an increase of $572,530.00 from the previous years’ levy in the general fund. The overall increase in the amount levied upon all taxable property includes new construction of $644,021.00 minus $71,491.00 applied to the Veterans’ Assistance Fund, which leaves a difference of $572,530.00.
Section 3: At the November 21, 2023 County Board Meeting to adopt this tax levy for the General Fund, a motion was approved by the County Board that at a later date, $1,874,979.00 in American Rescue Plan (ARPA) interest earned would be transferred from the ARPA Fund to the General Fund and reduce the General Fund’s use of fund balance by the same amount.
Passed by the Kane County Board on November 21, 2023.
_________________________ _________________________
John A. Cunningham, MBA, J.D. Corinne M. Pierog MA, MBA
Clerk, County Board Chairman, County Board
Kane County, Illinois Kane County, Illinois
Vote: