093_HC0021

                                     LRB093 13112 SJM 18363 e

 1                       HOUSE JOINT RESOLUTION
 2                      CONSTITUTIONAL AMENDMENT

 3        RESOLVED,   BY   THE  HOUSE  OF  REPRESENTATIVES  OF  THE
 4    NINETY-THIRD GENERAL ASSEMBLY OF THE STATE OF  ILLINOIS,  THE
 5    SENATE  CONCURRING  HEREIN,  that there shall be submitted to
 6    the electors of the State for adoption or  rejection  at  the
 7    general  election  next occurring at least 6 months after the
 8    adoption of this resolution a proposition to add Section  4.5
 9    to Article IX of the Illinois Constitution as follows:

10                             ARTICLE IX
11                               REVENUE

12        (ILCON Art. IX, Sec. 4.5 new)
13    SECTION 4.5.  REVENUE LIMITATIONS
14        (a)  Taxes upon real property and any other taxes or fees
15    imposed  by  a  unit  of  local government or school district
16    shall be levied at an amount no  higher  than  that  levy  in
17    effect  on  the effective date of this Section or at the levy
18    in effect in 2000, whichever is less, excluding taxes or fees
19    for bonded indebtedness incurred before the effective date of
20    this Section.
21        (b)  There shall be no reassessment that  would  increase
22    the  assessed  value of existing structures or land after the
23    effective date of this Section.
24        (c)  There  shall  be  no  equalization  of   assessments
25    between  or  within townships, between or within counties, or
26    between or within classes of property  by  application  of  a
27    percentage  increase  to assessments after the effective date
28    of this Section.
29        (d)  Voters of a  unit  of  local  government  or  school
30    district may initiate, by a petition signed by at least 1% of
31    the  registered  voters  in  that unit of local government or
32    school  district,  or  10,000  voters,  whichever  is   less,
 
                            -2-      LRB093 13112 SJM 18363 e
 1    referenda  to  lower the levy, taxes, or fees imposed by that
 2    unit of local government or school district.  There shall  be
 3    no  limit  on  the  number  of local tax cut referenda at any
 4    election.
 5        (e)  An ordinance of a unit of local government or school
 6    district that would result in the increase of any revenue  to
 7    that  unit  of local government or school district may become
 8    law only with approval at referendum of at  least  two-thirds
 9    of  the  voters  of  that  unit of local government or school
10    district voting on the question.
11        (f)  A bill that would result  in  the  increase  of  any
12    revenue  to  the State may become law only with approval at a
13    statewide referendum of at least two-thirds of the voters  of
14    this State voting on the question.

15                              SCHEDULE
16        This  Constitutional  Amendment  takes  effect upon being
17    declared adopted in accordance with Section 7 of the Illinois
18    Constitutional Amendment Act.