(70 ILCS 1205/7-5) (from Ch. 105, par. 7-5)
Sec. 7-5.
Any park district may, in the manner hereafter provided, levy an
annual tax not exceeding .025% of the value, as equalized or assessed by
the Department of Revenue, of all the taxable property
in such district, to be known as a public benefit tax, and the fund
arising therefrom shall be known as a public benefit fund and shall be
used solely for the purpose of paying any such amounts that may be
assessed for such public benefit under Section 7-2. No such tax shall be
levied in any park district until the question of levying such tax is
first certified by the board to the proper election officials who shall
submit the proposition at an election in accordance with the general election
law. The proposition shall be submitted to the voters of the district in
substantially the following
form:
-------------------------------------------------------------- Shall a public benefit tax not exceeding.025% be levied each year on the taxable YESproperty of.... Park District (naming it) as ----------------provided in Section 7-5 of "The Park District NOCode"?--------------------------------------------------------------
Notice of the referendum shall be given and the referendum shall be
conducted in the manner provided by the general election law.
If a majority of the votes cast upon the proposition are in favor,
the governing board may levy and collect such tax annually thereafter,
so long as there remains outstanding any assessment against the district
for public benefits under any special assessment proceeding. Should any
assessment be later assessed against the district in a subsequent local
improvement proceeding for public benefits, then the tax may again be
levied so long as the assessment remains unpaid without the necessity of
any additional referendum. Such tax shall be in addition to all other
taxes authorized by law to be levied and collected in such district and
shall not be included in any limitation of rate contained in this code
or any other law, but shall be excluded therefrom, in addition thereto,
and in excess thereof. The tax shall be levied and collected in like
manner as the general taxes for such district. The foregoing limitations
upon tax rates may be increased or decreased according to the referendum
provisions of the General Revenue Law of Illinois.
(Source: P.A. 81-1489; 81-1509.)
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