An Ordinance Adopting the Budget for All Corporate Purposes of the
Village of Oak Park, Cook County, Illinois in Lieu of the Appropriation
Ordinance for the Fiscal Year Commencing on the First Day of January,
2026 and Ending on the Thirty-First Day of December, 2026
D.
Overview:
The Village Board held a Public Hearing on the Proposed Fiscal Year 2026
Budget and several Finance Committee and Board Meetings were held to
discuss the budget in detail with elected officials. This Ordinance is the final
action for the adoption of the Budget.
An Ordinance Providing for the Abatement of $74,975 Against the 2025
Tax Levy (2012A General Obligation Corporate Purpose Bonds)
E.
Overview:
On an annual basis, Village staff recommends the abatement or cancellation of
various tax levies that were originally pledged to pay the debt service of a
specific bond issue. By default, whenever a general obligation (GO) bond is
issued, the annual debt service is automatically levied by the County unless the
Village direct the Cook County Clerk’s Office to abate some or all of the levy
amount. When other non-property tax Village revenues are available to pay all or
a portion of the debt service, the Village abates the levy.
An Ordinance Providing for the Abatement of $476,888 Against the 2025
Tax Levy (2015B General Obligation Corporate Purpose Bonds)
F.
Overview:
On an annual basis, Village staff recommends the abatement or cancellation of
various tax levies that were originally pledged to pay the debt service of a
specific bond issue. By default, whenever a general obligation (GO) bond is
issued, the annual debt service is automatically levied by the County unless the
Village directs the Cook County Clerk’s Office to abate some or all of the annual
levy amount. When other non-property tax Village revenues are available to pay
all or a portion of the debt service, the Village abates the tax levy.
An Ordinance Providing for the Abatement of $938,318 Against the 2025
Tax Levy (2016D General Obligation Corporate Purpose Bonds)
G.
Overview:
On an annual basis, Village staff recommends the abatement or cancellation of
various tax levies that were originally pledged to pay the debt service of a
specific bond issue. By default, whenever a general obligation (GO) bond is
issued, the annual debt service is automatically levied by the County unless the
Village directs the Cook County Clerk’s Office to abate some or all of the annual
levy amount. When other non-property tax Village revenues are available to pay
all or a portion of the debt service, the Village abates the tax levy.
An Ordinance Providing for the Abatement of $1,125,970 Against the 2025
Tax Levy (2018A) General Obligation Corporate Purpose Bonds
Refunding Bonds)
H.
Overview:
On an annual basis, Village staff recommends the abatement or cancellation of
various tax levies that were originally pledged to pay the debt service of a
specific bond issue. By default, whenever a general obligation (GO) bond is
issued, the annual debt service is automatically levied by the County unless the
Village directs the Cook County Clerk’s Office to abate some or all of the annual
levy amount. When other non-property tax Village revenues are available to pay
all or a portion of the debt service, the Village abates the tax levy.