Title:
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Ordinance Amending the Village's Fiscal Year 2021 Budget Ordinance to Distribute the 2019 and 2020 Revenues over Expenditures
Ordinance providing for an increase of $3,019,489 to transfer $1,509,744.50 to both the Pension Stabilization Fund and the Building Fund. In addition an increase of $1,509,744.50 is needed to distribute funds from the Pension Stabilization Fund to IMRF ($301,948.90), Police Pension (603,897.80), and Fire Pension ($603,897.80). Waiver of first reading is requested. (2/3 vote of Corporate Authorities required, 5 of 7)
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