Illinois General Assembly - Full Text of SB0318
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Full Text of SB0318  99th General Assembly

SB0318ham003 99TH GENERAL ASSEMBLY

Rep. Barbara Flynn Currie

Filed: 6/30/2016

 

 


 

 


 
09900SB0318ham003LRB099 02944 HLH 49760 a

1
AMENDMENT TO SENATE BILL 318

2    AMENDMENT NO. ______. Amend Senate Bill 318, AS AMENDED, by
3replacing everything after the enacting clause with the
4following:
 
5    "Section 5. The Property Tax Code is amended by changing
6Section 18-185 as follows:
 
7    (35 ILCS 200/18-185)
8    Sec. 18-185. Short title; definitions. This Division 5 may
9be cited as the Property Tax Extension Limitation Law. As used
10in this Division 5:
11    "Consumer Price Index" means the Consumer Price Index for
12All Urban Consumers for all items published by the United
13States Department of Labor.
14    "Extension limitation" means (a) the lesser of 5% or the
15percentage increase in the Consumer Price Index during the
1612-month calendar year preceding the levy year or (b) the rate

 

 

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1of increase approved by voters under Section 18-205.
2    "Affected county" means a county of 3,000,000 or more
3inhabitants or a county contiguous to a county of 3,000,000 or
4more inhabitants.
5    "Taxing district" has the same meaning provided in Section
61-150, except as otherwise provided in this Section. For the
71991 through 1994 levy years only, "taxing district" includes
8only each non-home rule taxing district having the majority of
9its 1990 equalized assessed value within any county or counties
10contiguous to a county with 3,000,000 or more inhabitants.
11Beginning with the 1995 levy year, "taxing district" includes
12only each non-home rule taxing district subject to this Law
13before the 1995 levy year and each non-home rule taxing
14district not subject to this Law before the 1995 levy year
15having the majority of its 1994 equalized assessed value in an
16affected county or counties. Beginning with the levy year in
17which this Law becomes applicable to a taxing district as
18provided in Section 18-213, "taxing district" also includes
19those taxing districts made subject to this Law as provided in
20Section 18-213.
21    "Aggregate extension" for taxing districts to which this
22Law applied before the 1995 levy year means the annual
23corporate extension for the taxing district and those special
24purpose extensions that are made annually for the taxing
25district, excluding special purpose extensions: (a) made for
26the taxing district to pay interest or principal on general

 

 

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1obligation bonds that were approved by referendum; (b) made for
2any taxing district to pay interest or principal on general
3obligation bonds issued before October 1, 1991; (c) made for
4any taxing district to pay interest or principal on bonds
5issued to refund or continue to refund those bonds issued
6before October 1, 1991; (d) made for any taxing district to pay
7interest or principal on bonds issued to refund or continue to
8refund bonds issued after October 1, 1991 that were approved by
9referendum; (e) made for any taxing district to pay interest or
10principal on revenue bonds issued before October 1, 1991 for
11payment of which a property tax levy or the full faith and
12credit of the unit of local government is pledged; however, a
13tax for the payment of interest or principal on those bonds
14shall be made only after the governing body of the unit of
15local government finds that all other sources for payment are
16insufficient to make those payments; (f) made for payments
17under a building commission lease when the lease payments are
18for the retirement of bonds issued by the commission before
19October 1, 1991, to pay for the building project; (g) made for
20payments due under installment contracts entered into before
21October 1, 1991; (h) made for payments of principal and
22interest on bonds issued under the Metropolitan Water
23Reclamation District Act to finance construction projects
24initiated before October 1, 1991; (i) made for payments of
25principal and interest on limited bonds, as defined in Section
263 of the Local Government Debt Reform Act, in an amount not to

 

 

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1exceed the debt service extension base less the amount in items
2(b), (c), (e), and (h) of this definition for non-referendum
3obligations, except obligations initially issued pursuant to
4referendum; (j) made for payments of principal and interest on
5bonds issued under Section 15 of the Local Government Debt
6Reform Act; (k) made by a school district that participates in
7the Special Education District of Lake County, created by
8special education joint agreement under Section 10-22.31 of the
9School Code, for payment of the school district's share of the
10amounts required to be contributed by the Special Education
11District of Lake County to the Illinois Municipal Retirement
12Fund under Article 7 of the Illinois Pension Code; the amount
13of any extension under this item (k) shall be certified by the
14school district to the county clerk; (l) made to fund expenses
15of providing joint recreational programs for persons with
16disabilities under Section 5-8 of the Park District Code or
17Section 11-95-14 of the Illinois Municipal Code; (m) made for
18temporary relocation loan repayment purposes pursuant to
19Sections 2-3.77 and 17-2.2d of the School Code; (n) made for
20payment of principal and interest on any bonds issued under the
21authority of Section 17-2.2d of the School Code; (o) made for
22contributions to a firefighter's pension fund created under
23Article 4 of the Illinois Pension Code, to the extent of the
24amount certified under item (5) of Section 4-134 of the
25Illinois Pension Code; and (p) made for road purposes in the
26first year after a township assumes the rights, powers, duties,

 

 

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1assets, property, liabilities, obligations, and
2responsibilities of a road district abolished under the
3provisions of Section 6-133 of the Illinois Highway Code.
4    "Aggregate extension" for the taxing districts to which
5this Law did not apply before the 1995 levy year (except taxing
6districts subject to this Law in accordance with Section
718-213) means the annual corporate extension for the taxing
8district and those special purpose extensions that are made
9annually for the taxing district, excluding special purpose
10extensions: (a) made for the taxing district to pay interest or
11principal on general obligation bonds that were approved by
12referendum; (b) made for any taxing district to pay interest or
13principal on general obligation bonds issued before March 1,
141995; (c) made for any taxing district to pay interest or
15principal on bonds issued to refund or continue to refund those
16bonds issued before March 1, 1995; (d) made for any taxing
17district to pay interest or principal on bonds issued to refund
18or continue to refund bonds issued after March 1, 1995 that
19were approved by referendum; (e) made for any taxing district
20to pay interest or principal on revenue bonds issued before
21March 1, 1995 for payment of which a property tax levy or the
22full faith and credit of the unit of local government is
23pledged; however, a tax for the payment of interest or
24principal on those bonds shall be made only after the governing
25body of the unit of local government finds that all other
26sources for payment are insufficient to make those payments;

 

 

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1(f) made for payments under a building commission lease when
2the lease payments are for the retirement of bonds issued by
3the commission before March 1, 1995 to pay for the building
4project; (g) made for payments due under installment contracts
5entered into before March 1, 1995; (h) made for payments of
6principal and interest on bonds issued under the Metropolitan
7Water Reclamation District Act to finance construction
8projects initiated before October 1, 1991; (h-4) made for
9stormwater management purposes by the Metropolitan Water
10Reclamation District of Greater Chicago under Section 12 of the
11Metropolitan Water Reclamation District Act; (i) made for
12payments of principal and interest on limited bonds, as defined
13in Section 3 of the Local Government Debt Reform Act, in an
14amount not to exceed the debt service extension base less the
15amount in items (b), (c), and (e) of this definition for
16non-referendum obligations, except obligations initially
17issued pursuant to referendum and bonds described in subsection
18(h) of this definition; (j) made for payments of principal and
19interest on bonds issued under Section 15 of the Local
20Government Debt Reform Act; (k) made for payments of principal
21and interest on bonds authorized by Public Act 88-503 and
22issued under Section 20a of the Chicago Park District Act for
23aquarium or museum projects; (l) made for payments of principal
24and interest on bonds authorized by Public Act 87-1191 or
2593-601 and (i) issued pursuant to Section 21.2 of the Cook
26County Forest Preserve District Act, (ii) issued under Section

 

 

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142 of the Cook County Forest Preserve District Act for
2zoological park projects, or (iii) issued under Section 44.1 of
3the Cook County Forest Preserve District Act for botanical
4gardens projects; (m) made pursuant to Section 34-53.5 of the
5School Code, whether levied annually or not; (n) made to fund
6expenses of providing joint recreational programs for persons
7with disabilities under Section 5-8 of the Park District Code
8or Section 11-95-14 of the Illinois Municipal Code; (o) made by
9the Chicago Park District for recreational programs for persons
10with disabilities under subsection (c) of Section 7.06 of the
11Chicago Park District Act; (p) made for contributions to a
12firefighter's pension fund created under Article 4 of the
13Illinois Pension Code, to the extent of the amount certified
14under item (5) of Section 4-134 of the Illinois Pension Code;
15and (q) made by Ford Heights School District 169 under Section
1617-9.02 of the School Code; and (r) made for the purpose of
17making employer contributions to the Public School Teachers'
18Pension and Retirement Fund of Chicago under Section 34-53 of
19the School Code.
20    "Aggregate extension" for all taxing districts to which
21this Law applies in accordance with Section 18-213, except for
22those taxing districts subject to paragraph (2) of subsection
23(e) of Section 18-213, means the annual corporate extension for
24the taxing district and those special purpose extensions that
25are made annually for the taxing district, excluding special
26purpose extensions: (a) made for the taxing district to pay

 

 

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1interest or principal on general obligation bonds that were
2approved by referendum; (b) made for any taxing district to pay
3interest or principal on general obligation bonds issued before
4the date on which the referendum making this Law applicable to
5the taxing district is held; (c) made for any taxing district
6to pay interest or principal on bonds issued to refund or
7continue to refund those bonds issued before the date on which
8the referendum making this Law applicable to the taxing
9district is held; (d) made for any taxing district to pay
10interest or principal on bonds issued to refund or continue to
11refund bonds issued after the date on which the referendum
12making this Law applicable to the taxing district is held if
13the bonds were approved by referendum after the date on which
14the referendum making this Law applicable to the taxing
15district is held; (e) made for any taxing district to pay
16interest or principal on revenue bonds issued before the date
17on which the referendum making this Law applicable to the
18taxing district is held for payment of which a property tax
19levy or the full faith and credit of the unit of local
20government is pledged; however, a tax for the payment of
21interest or principal on those bonds shall be made only after
22the governing body of the unit of local government finds that
23all other sources for payment are insufficient to make those
24payments; (f) made for payments under a building commission
25lease when the lease payments are for the retirement of bonds
26issued by the commission before the date on which the

 

 

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1referendum making this Law applicable to the taxing district is
2held to pay for the building project; (g) made for payments due
3under installment contracts entered into before the date on
4which the referendum making this Law applicable to the taxing
5district is held; (h) made for payments of principal and
6interest on limited bonds, as defined in Section 3 of the Local
7Government Debt Reform Act, in an amount not to exceed the debt
8service extension base less the amount in items (b), (c), and
9(e) of this definition for non-referendum obligations, except
10obligations initially issued pursuant to referendum; (i) made
11for payments of principal and interest on bonds issued under
12Section 15 of the Local Government Debt Reform Act; (j) made
13for a qualified airport authority to pay interest or principal
14on general obligation bonds issued for the purpose of paying
15obligations due under, or financing airport facilities
16required to be acquired, constructed, installed or equipped
17pursuant to, contracts entered into before March 1, 1996 (but
18not including any amendments to such a contract taking effect
19on or after that date); (k) made to fund expenses of providing
20joint recreational programs for persons with disabilities
21under Section 5-8 of the Park District Code or Section 11-95-14
22of the Illinois Municipal Code; (l) made for contributions to a
23firefighter's pension fund created under Article 4 of the
24Illinois Pension Code, to the extent of the amount certified
25under item (5) of Section 4-134 of the Illinois Pension Code;
26and (m) made for the taxing district to pay interest or

 

 

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1principal on general obligation bonds issued pursuant to
2Section 19-3.10 of the School Code.
3    "Aggregate extension" for all taxing districts to which
4this Law applies in accordance with paragraph (2) of subsection
5(e) of Section 18-213 means the annual corporate extension for
6the taxing district and those special purpose extensions that
7are made annually for the taxing district, excluding special
8purpose extensions: (a) made for the taxing district to pay
9interest or principal on general obligation bonds that were
10approved by referendum; (b) made for any taxing district to pay
11interest or principal on general obligation bonds issued before
12the effective date of this amendatory Act of 1997; (c) made for
13any taxing district to pay interest or principal on bonds
14issued to refund or continue to refund those bonds issued
15before the effective date of this amendatory Act of 1997; (d)
16made for any taxing district to pay interest or principal on
17bonds issued to refund or continue to refund bonds issued after
18the effective date of this amendatory Act of 1997 if the bonds
19were approved by referendum after the effective date of this
20amendatory Act of 1997; (e) made for any taxing district to pay
21interest or principal on revenue bonds issued before the
22effective date of this amendatory Act of 1997 for payment of
23which a property tax levy or the full faith and credit of the
24unit of local government is pledged; however, a tax for the
25payment of interest or principal on those bonds shall be made
26only after the governing body of the unit of local government

 

 

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1finds that all other sources for payment are insufficient to
2make those payments; (f) made for payments under a building
3commission lease when the lease payments are for the retirement
4of bonds issued by the commission before the effective date of
5this amendatory Act of 1997 to pay for the building project;
6(g) made for payments due under installment contracts entered
7into before the effective date of this amendatory Act of 1997;
8(h) made for payments of principal and interest on limited
9bonds, as defined in Section 3 of the Local Government Debt
10Reform Act, in an amount not to exceed the debt service
11extension base less the amount in items (b), (c), and (e) of
12this definition for non-referendum obligations, except
13obligations initially issued pursuant to referendum; (i) made
14for payments of principal and interest on bonds issued under
15Section 15 of the Local Government Debt Reform Act; (j) made
16for a qualified airport authority to pay interest or principal
17on general obligation bonds issued for the purpose of paying
18obligations due under, or financing airport facilities
19required to be acquired, constructed, installed or equipped
20pursuant to, contracts entered into before March 1, 1996 (but
21not including any amendments to such a contract taking effect
22on or after that date); (k) made to fund expenses of providing
23joint recreational programs for persons with disabilities
24under Section 5-8 of the Park District Code or Section 11-95-14
25of the Illinois Municipal Code; and (l) made for contributions
26to a firefighter's pension fund created under Article 4 of the

 

 

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1Illinois Pension Code, to the extent of the amount certified
2under item (5) of Section 4-134 of the Illinois Pension Code.
3    "Debt service extension base" means an amount equal to that
4portion of the extension for a taxing district for the 1994
5levy year, or for those taxing districts subject to this Law in
6accordance with Section 18-213, except for those subject to
7paragraph (2) of subsection (e) of Section 18-213, for the levy
8year in which the referendum making this Law applicable to the
9taxing district is held, or for those taxing districts subject
10to this Law in accordance with paragraph (2) of subsection (e)
11of Section 18-213 for the 1996 levy year, constituting an
12extension for payment of principal and interest on bonds issued
13by the taxing district without referendum, but not including
14excluded non-referendum bonds. For park districts (i) that were
15first subject to this Law in 1991 or 1995 and (ii) whose
16extension for the 1994 levy year for the payment of principal
17and interest on bonds issued by the park district without
18referendum (but not including excluded non-referendum bonds)
19was less than 51% of the amount for the 1991 levy year
20constituting an extension for payment of principal and interest
21on bonds issued by the park district without referendum (but
22not including excluded non-referendum bonds), "debt service
23extension base" means an amount equal to that portion of the
24extension for the 1991 levy year constituting an extension for
25payment of principal and interest on bonds issued by the park
26district without referendum (but not including excluded

 

 

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1non-referendum bonds). A debt service extension base
2established or increased at any time pursuant to any provision
3of this Law, except Section 18-212, shall be increased each
4year commencing with the later of (i) the 2009 levy year or
5(ii) the first levy year in which this Law becomes applicable
6to the taxing district, by the lesser of 5% or the percentage
7increase in the Consumer Price Index during the 12-month
8calendar year preceding the levy year. The debt service
9extension base may be established or increased as provided
10under Section 18-212. "Excluded non-referendum bonds" means
11(i) bonds authorized by Public Act 88-503 and issued under
12Section 20a of the Chicago Park District Act for aquarium and
13museum projects; (ii) bonds issued under Section 15 of the
14Local Government Debt Reform Act; or (iii) refunding
15obligations issued to refund or to continue to refund
16obligations initially issued pursuant to referendum.
17    "Special purpose extensions" include, but are not limited
18to, extensions for levies made on an annual basis for
19unemployment and workers' compensation, self-insurance,
20contributions to pension plans, and extensions made pursuant to
21Section 6-601 of the Illinois Highway Code for a road
22district's permanent road fund whether levied annually or not.
23The extension for a special service area is not included in the
24aggregate extension.
25    "Aggregate extension base" means the taxing district's
26last preceding aggregate extension as adjusted under Sections

 

 

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118-135, 18-215, and 18-230. An adjustment under Section 18-135
2shall be made for the 2007 levy year and all subsequent levy
3years whenever one or more counties within which a taxing
4district is located (i) used estimated valuations or rates when
5extending taxes in the taxing district for the last preceding
6levy year that resulted in the over or under extension of
7taxes, or (ii) increased or decreased the tax extension for the
8last preceding levy year as required by Section 18-135(c).
9Whenever an adjustment is required under Section 18-135, the
10aggregate extension base of the taxing district shall be equal
11to the amount that the aggregate extension of the taxing
12district would have been for the last preceding levy year if
13either or both (i) actual, rather than estimated, valuations or
14rates had been used to calculate the extension of taxes for the
15last levy year, or (ii) the tax extension for the last
16preceding levy year had not been adjusted as required by
17subsection (c) of Section 18-135.
18    Notwithstanding any other provision of law, for levy year
192012, the aggregate extension base for West Northfield School
20District No. 31 in Cook County shall be $12,654,592.
21    "Levy year" has the same meaning as "year" under Section
221-155.
23    "New property" means (i) the assessed value, after final
24board of review or board of appeals action, of new improvements
25or additions to existing improvements on any parcel of real
26property that increase the assessed value of that real property

 

 

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1during the levy year multiplied by the equalization factor
2issued by the Department under Section 17-30, (ii) the assessed
3value, after final board of review or board of appeals action,
4of real property not exempt from real estate taxation, which
5real property was exempt from real estate taxation for any
6portion of the immediately preceding levy year, multiplied by
7the equalization factor issued by the Department under Section
817-30, including the assessed value, upon final stabilization
9of occupancy after new construction is complete, of any real
10property located within the boundaries of an otherwise or
11previously exempt military reservation that is intended for
12residential use and owned by or leased to a private corporation
13or other entity, (iii) in counties that classify in accordance
14with Section 4 of Article IX of the Illinois Constitution, an
15incentive property's additional assessed value resulting from
16a scheduled increase in the level of assessment as applied to
17the first year final board of review market value, and (iv) any
18increase in assessed value due to oil or gas production from an
19oil or gas well required to be permitted under the Hydraulic
20Fracturing Regulatory Act that was not produced in or accounted
21for during the previous levy year. In addition, the county
22clerk in a county containing a population of 3,000,000 or more
23shall include in the 1997 recovered tax increment value for any
24school district, any recovered tax increment value that was
25applicable to the 1995 tax year calculations.
26    "Qualified airport authority" means an airport authority

 

 

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1organized under the Airport Authorities Act and located in a
2county bordering on the State of Wisconsin and having a
3population in excess of 200,000 and not greater than 500,000.
4    "Recovered tax increment value" means, except as otherwise
5provided in this paragraph, the amount of the current year's
6equalized assessed value, in the first year after a
7municipality terminates the designation of an area as a
8redevelopment project area previously established under the
9Tax Increment Allocation Development Act in the Illinois
10Municipal Code, previously established under the Industrial
11Jobs Recovery Law in the Illinois Municipal Code, previously
12established under the Economic Development Project Area Tax
13Increment Act of 1995, or previously established under the
14Economic Development Area Tax Increment Allocation Act, of each
15taxable lot, block, tract, or parcel of real property in the
16redevelopment project area over and above the initial equalized
17assessed value of each property in the redevelopment project
18area. For the taxes which are extended for the 1997 levy year,
19the recovered tax increment value for a non-home rule taxing
20district that first became subject to this Law for the 1995
21levy year because a majority of its 1994 equalized assessed
22value was in an affected county or counties shall be increased
23if a municipality terminated the designation of an area in 1993
24as a redevelopment project area previously established under
25the Tax Increment Allocation Development Act in the Illinois
26Municipal Code, previously established under the Industrial

 

 

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1Jobs Recovery Law in the Illinois Municipal Code, or previously
2established under the Economic Development Area Tax Increment
3Allocation Act, by an amount equal to the 1994 equalized
4assessed value of each taxable lot, block, tract, or parcel of
5real property in the redevelopment project area over and above
6the initial equalized assessed value of each property in the
7redevelopment project area. In the first year after a
8municipality removes a taxable lot, block, tract, or parcel of
9real property from a redevelopment project area established
10under the Tax Increment Allocation Development Act in the
11Illinois Municipal Code, the Industrial Jobs Recovery Law in
12the Illinois Municipal Code, or the Economic Development Area
13Tax Increment Allocation Act, "recovered tax increment value"
14means the amount of the current year's equalized assessed value
15of each taxable lot, block, tract, or parcel of real property
16removed from the redevelopment project area over and above the
17initial equalized assessed value of that real property before
18removal from the redevelopment project area.
19    Except as otherwise provided in this Section, "limiting
20rate" means a fraction the numerator of which is the last
21preceding aggregate extension base times an amount equal to one
22plus the extension limitation defined in this Section and the
23denominator of which is the current year's equalized assessed
24value of all real property in the territory under the
25jurisdiction of the taxing district during the prior levy year.
26For those taxing districts that reduced their aggregate

 

 

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1extension for the last preceding levy year, the highest
2aggregate extension in any of the last 3 preceding levy years
3shall be used for the purpose of computing the limiting rate.
4The denominator shall not include new property or the recovered
5tax increment value. If a new rate, a rate decrease, or a
6limiting rate increase has been approved at an election held
7after March 21, 2006, then (i) the otherwise applicable
8limiting rate shall be increased by the amount of the new rate
9or shall be reduced by the amount of the rate decrease, as the
10case may be, or (ii) in the case of a limiting rate increase,
11the limiting rate shall be equal to the rate set forth in the
12proposition approved by the voters for each of the years
13specified in the proposition, after which the limiting rate of
14the taxing district shall be calculated as otherwise provided.
15In the case of a taxing district that obtained referendum
16approval for an increased limiting rate on March 20, 2012, the
17limiting rate for tax year 2012 shall be the rate that
18generates the approximate total amount of taxes extendable for
19that tax year, as set forth in the proposition approved by the
20voters; this rate shall be the final rate applied by the county
21clerk for the aggregate of all capped funds of the district for
22tax year 2012.
23(Source: P.A. 98-6, eff. 3-29-13; 98-23, eff. 6-17-13; 99-143,
24eff. 7-27-15.)
 
25    Section 10. The School Code is amended by changing Section

 

 

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134-53 as follows:
 
2    (105 ILCS 5/34-53)  (from Ch. 122, par. 34-53)
3    Sec. 34-53. Tax levies; Purpose; Rates. For the purpose of
4establishing and supporting free schools for not fewer than 9
5months in each year and defraying their expenses the board may
6levy annually, upon all taxable property of such district for
7educational purposes a tax for the fiscal years 1996 and each
8succeeding fiscal year at a rate of not to exceed the sum of
9(i) 3.07% (or such other rate as may be set by law independent
10of the rate difference described in (ii) below) and (ii) the
11difference between .50% and the rate per cent of taxes extended
12for a School Finance Authority organized under Article 34A of
13the School Code, for the calendar year in which the applicable
14fiscal year of the board begins as determined by the county
15clerk and certified to the board pursuant to Section 18-110 of
16the Property Tax Code, of the value as equalized or assessed by
17the Department of Revenue for the year in which such levy is
18made.
19    Beginning on the effective date of this amendatory Act of
20the 99th General Assembly, for the purpose of making an
21employer contribution to the Public School Teachers' Pension
22and Retirement Fund of Chicago, the board may levy annually,
23upon all taxable property located within the district, a tax at
24a rate not to exceed 0.383%. The proceeds from this additional
25tax shall be paid, as soon as possible after collection,

 

 

09900SB0318ham003- 20 -LRB099 02944 HLH 49760 a

1directly to Public School Teachers' Pension and Retirement Fund
2of Chicago and not to the Board of Education. The rate under
3this paragraph is not a new rate for the purposes of the
4Property Tax Extension Limitation Law. Notwithstanding any
5other provision of law, for the 2016 tax year only, the board
6shall certify the rate to the county clerk on the effective
7date of this amendatory Act of the 99th General Assembly, and
8the county clerk shall extend that rate against all taxable
9property located within the district as soon after receiving
10the certification as possible.
11     Nothing in this amendatory Act of 1995 shall in any way
12impair or restrict the levy or extension of taxes pursuant to
13any tax levies for any purposes of the board lawfully made
14prior to the adoption of this amendatory Act of 1995.
15    Notwithstanding any other provision of this Code and in
16addition to any other methods provided for increasing the tax
17rate the board may, by proper resolution, cause a proposition
18to increase the annual tax rate for educational purposes to be
19submitted to the voters of such district at any general or
20special election. The maximum rate for educational purposes
21shall not exceed 4.00%. The election called for such purpose
22shall be governed by Article 9 of this Act. If at such election
23a majority of the votes cast on the proposition is in favor
24thereof, the Board of Education may thereafter until such
25authority is revoked in a like manner, levy annually the tax so
26authorized.

 

 

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1    For purposes of this Article, educational purposes for
2fiscal years beginning in 1995 and each subsequent year shall
3also include, but not be limited to, in addition to those
4purposes authorized before this amendatory Act of 1995,
5constructing, acquiring, leasing (other than from the Public
6Building Commission of Chicago), operating, maintaining,
7improving, repairing, and renovating land, buildings,
8furnishings, and equipment for school houses and buildings, and
9related incidental expenses, and provision of special
10education, furnishing free textbooks and instructional aids
11and school supplies, establishing, equipping, maintaining, and
12operating supervised playgrounds under the control of the
13board, school extracurricular activities, and stadia, social
14center, and summer swimming pool programs open to the public in
15connection with any public school; making an employer
16contribution to the Public School Teachers' Pension and
17Retirement Fund as required by Section 17-129 of the Illinois
18Pension Code; and providing an agricultural science school,
19including site development and improvements, maintenance
20repairs, and supplies. Educational purposes also includes
21student transportation expenses.
22    All collections of all taxes levied for fiscal years ending
23before 1996 under this Section or under Sections 34-53.2,
2434-53.3, 34-58, 34-60, or 34-62 of this Article as in effect
25prior to this amendatory Act of 1995 may be used for any
26educational purposes as defined by this amendatory Act of 1995

 

 

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1and need not be used for the particular purposes for which they
2were levied. The levy and extension of taxes pursuant to this
3Section as amended by this amendatory Act of 1995 shall not
4constitute a new or increased tax rate within the meaning of
5the Property Tax Extension Limitation Law or the One-year
6Property Tax Extension Limitation Law.
7    The rate at which taxes may be levied for the fiscal year
8beginning September 1, 1996, for educational purposes shall be
9the full rate authorized by this Section for such taxes for
10fiscal years ending after 1995.
11(Source: P.A. 88-511; 88-670, eff. 12-2-94; 89-15, eff.
125-30-95.)".