101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB1461

 

Introduced 2/13/2019, by Sen. Dan McConchie

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-206

    Amends the Property Tax Code. In a Section concerning a reduced extension for a school district's educational purposes, provides that the Section applies if the school district's final percent of adequacy (currently, adequacy target) exceeds 110%. Provides that the referendum petition for the reduction shall be submitted to and certified by the school board's secretary (currently, the applicable election authority). Effective immediately.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 18-206 as follows:
 
6    (35 ILCS 200/18-206)
7    Sec. 18-206. Decrease in extension for educational
8purposes.
9    (a) Notwithstanding any other provision of law, for those
10school districts whose final percent of adequacy targets, as
11defined in Section 18-8.15 of this Code, exceeds exceed 110%
12for the school year that begins during the calendar year
13immediately preceding the levy year for which the reduction
14under this Section is sought, the question of whether the
15school district shall reduce its extension for educational
16purposes for the levy year in which the election is held to an
17amount that is less than the extension for educational purposes
18for the immediately preceding levy year shall be submitted to
19the voters of the school district at the next consolidated
20election but only upon submission of a petition signed by not
21fewer than 10% of the registered voters in the school district.
22In no event shall the reduced extension be more than 10% lower
23than the amount extended for educational purposes in the

 

 

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1previous levy year, and in no event shall the reduction cause
2the school district's final percent of adequacy target to fall
3below 110% for the levy year for which the reduction is sought.
4    (b) The petition shall be filed with the school board's
5secretary applicable election authority, as defined in Section
61-3 of the Election Code, or, in the case of multiple election
7authorities, with the State Board of Elections, not less more
8than 92 days 10 months nor less than 6 months prior to the
9election at which the question is to be submitted to the
10voters, and its validity shall be determined as provided by
11Article 28 of the Election Code and general election law. The
12school board's secretary election authority or Board, as
13applicable, shall certify the question and the proper election
14authority or authorities shall submit the question to the
15voters. Except as otherwise provided in this Section, this
16referendum shall be subject to all other general election law
17requirements.
18    (c) The proposition seeking to reduce the extension for
19educational purposes shall be in substantially the following
20form:
21        Shall the amount extended for educational purposes by
22    (school district) be reduced from (previous levy year's
23    extension) to (proposed extension) for (levy year), but in
24    no event lower than the amount required to maintain a final
25    percent of an adequacy target of 110%?
26    Votes shall be recorded as "Yes" or "No".

 

 

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1    If a majority of all votes cast on the proposition are in
2favor of the proposition, then, for the levy year in which the
3election is held, the amount extended by the school district
4for educational purposes shall be reduced as provided in the
5referendum; however, in no event shall the reduction exceed the
6amount that would cause the school district to have a final
7percent of an adequacy target of 110% for the applicable school
8year.
9    Once the question is submitted to the voters, then the
10question may not be submitted again for the same school
11district at any of the next 2 consolidated elections.
12    (d) For school districts that approve a reduction under
13this Section, the county clerk shall extend a rate for
14educational purposes that is no greater than the limiting rate
15for educational purposes. If the school district is otherwise
16subject to this Law for the applicable levy year, then, for the
17levy year in which the reduction occurs, the county clerk shall
18calculate separate limiting rates for educational purposes and
19for the aggregate of the school district's other funds.
20    As used in this Section:
21    "School district" means each school district in the State,
22regardless of whether or not that school district is otherwise
23subject to this Law.
24    "Limiting rate for educational purposes" means a fraction
25the numerator of which is the greater of (i) the amount
26approved by the voters in the referendum under subsection (c)

 

 

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1of this Section or (ii) the amount that would cause the school
2district to have a final percent of an adequacy target of 110%
3for the applicable school year, but in no event more than the
4school district's extension for educational purposes in the
5immediately preceding levy year, and the denominator of which
6is the current year's equalized assessed value of all real
7property under the jurisdiction of the school district during
8the prior levy year.
9(Source: P.A. 100-465, eff. 8-31-17.)
 
10    Section 99. Effective date. This Act takes effect upon
11becoming law.