(65 ILCS 5/11-98-1) (from Ch. 24, par. 11-98-1)
Sec. 11-98-1.
The corporate authorities of each city and village with a population of
less than 85,000, whether incorporated under the general law or a
special charter, may purchase, establish, and maintain public parks for
the use and benefit of the inhabitants of the municipality. For that
purpose, the corporate authorities may levy a tax not to exceed .075%,
or the rate limit in effect on September 1, 1967, whichever is greater,
of the value, as equalized or assessed by the Department of Revenue,
annually on all taxable property embraced in the
municipality for the current year. This tax shall be levied and
collected in the manner provided by law for the levy and collection of
other municipal taxes in the municipality.
If the inhabitants of a specified municipality with a population of
500 or more so determine, as provided by Section 11-98-2, this annual
tax may be levied in that municipality in addition to taxes for general
purposes authorized by Section 8-3-1, and in addition to taxes levied as
limited by any provision of a special charter under which the
municipality is now incorporated.
The corporate authorities have the power to lease such a public park
for the purpose of holding county fairs therein.
The foregoing limitations upon tax rates may be increased or
decreased under the referendum provisions of the General Revenue Law of
Illinois.
(Source: P.A. 81-1509.)
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