(65 ILCS 5/8-2-3) (from Ch. 24, par. 8-2-3)
Sec. 8-2-3.
Proposed appropriations in municipalities specified in Section
8-2-1 shall be arranged according to funds and also according to
departments and other separate agencies of the municipal government. The
budget document shall specify the objects and purposes for which
appropriations are to be made and the amount proposed to be appropriated
for each object or purpose. It shall include proposed appropriations for
(1) all current expenditures or charges to be made or incurred during the
fiscal year for which appropriations are made; (2) all final judgments,
including accrued interest thereon, entered against the municipality and
unpaid at the beginning of that fiscal year, (3) any amount for which the
corporate authorities of the municipality are required to reimburse the
working cash fund from the general corporate fund pursuant to the
provisions of Division 6 of this Article 8, (4) the taxes levied for the
purposes of the reserves provided for in the Illinois Pension Code, as now
or hereafter amended, (5) all other liabilities, and (6) an amount
estimated to be sufficient to cover the loss and cost of collecting taxes
to be levied for that fiscal year. This last designated amount shall
include (1) uncollectible taxes, (2) the cost of collecting taxes (3) the
amount of taxes levied for the nonpayment of which real estate will be
forfeited to the state, and (4) the amount of taxes extended upon the
collector's books which will be abated. However, the corporate authorities
of the municipality shall not be required to appropriate any amount from
the general corporate fund of the municipality for the payment of any
judgment, for which a special tax has been authorized by law, or for the
payment of any other liability of the general corporate fund incurred prior
to January 1, 1945.
(Source: Laws 1965, p. 2505.)
|