The Aledo City Council approved the F/Y 2020 Budget and Tax Levy for fiscal year beginning January 1, 2020 and ending December 31, 2020. 65 ILCS 5/8-2-9.1 through 65 ILCS 5/8-2-9-9 provide that municipalities with a population of less than 500,000 may adopt an Optional Budget System in lieu of an annual appropriations process. The City of Aledo Finance Director, with the approval of the City Administrator, in his capacity as budget officer, has presented a tentative budget for review and approval by the City Council. The City of Aledo made the proposed "Tentative Budget" for the fiscal year beginning January 1, 2020 and ending December 31, 2020 available for public inspection by publishing the same in the journal of proceedings and making copies available at City Hall. A public hearing was held on November 18th, 2019 pursuant to statute, relative to the adoption of the 2020 fiscal year budget. The total amount of the budget is listed in the amount of $6,922,290.
With the adoption of the 2020 fiscal year budget, the Aledo City Council hereby levied upon all of the taxable property within the corporate limits of the City of Aledo, as the same is assessed and equalized for State and County purposes for the fiscal year commencing January 1, 2020 and ending December 31, 2020, in the respective sums of $432,575 and is required by said City to be raised by taxation for said fiscal year for the corporate purposes set forth in the ordinance.