Item Coversheet

Village Board
12/4/2023

Item: An Ordinance Abating Taxes Levied for the Year 2023 Heretofore Levied to Pay Principal and Interest on the $9,530,000 General Obligation Bonds, Series 2018, of the Village of Arlington Heights
Department: Finance
 

In the attached ordinance, the Village is abating tax debt service levies in the amount of $689,150 because revenue is available from other sources to pay the debt service.

 

A schedule of the individual bond issues with the amounts levied and abated starts on Page 28 of the 2023 Tax Levy.

 

RECOMMENDATION

 

It is recommended that the Village Board approve the Ordinance Abating Taxes Levied for the Year 2023 Heretofore Levied to Pay Principal and Interest on $9,530,000 General Obligation Bonds, Series, 2018, of the Village of Arlington Heights.

ATTACHMENTS:
DescriptionType
2023 Tax AbatementOrdinance