102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2587

 

Introduced 2/19/2021, by Rep. Stephanie A. Kifowit

 

SYNOPSIS AS INTRODUCED:
 
65 ILCS 5/11-74.4-5.1 new

    Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that any school district that is affected by the establishment of a tax increment financing district may file an objection with the State Board of Education, alleging: (i) that the redevelopment project area does not meet the criteria for designation; or (ii) that property tax revenue received by the school district after the establishment of the tax increment financing district is likely to be insufficient to allow the school district to meet its obligation to provide a high quality public education to students under Section 1 of Article X of the Illinois Constitution.


LRB102 13642 HLH 18992 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB2587LRB102 13642 HLH 18992 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Municipal Code is amended by
5adding Section 11-74.4-5.1 as follows:
 
6    (65 ILCS 5/11-74.4-5.1 new)
7    Sec. 11-74.4-5.1. School district objections. In addition
8to any other remedy provided by law, within 30 days after the
9date of the public hearing under Section 11-74.4-5, any school
10district that is affected by the establishment of a tax
11increment financing district under this Article may file an
12objection with the State Board of Education, alleging: (i)
13that the redevelopment project area does not meet the criteria
14for designation under this Article; or (ii) that property tax
15revenue received by the school district after the
16establishment of the tax increment financing district is
17likely to be insufficient to allow the school district to meet
18its obligation to provide a high quality public education to
19students under Section 1 of Article X of the Illinois
20Constitution. If the State Board of Education finds in favor
21of the school district, then the establishment of the
22redevelopment project area may not proceed. The decision of
23the State Board of Education under this Section shall be

 

 

HB2587- 2 -LRB102 13642 HLH 18992 b

1considered a final decision for purposes of administrative
2review under the Administrative Review Law.