(605 ILCS 5/10-605) (from Ch. 121, par. 10-605)
Sec. 10-605.
For the purposes specified in Section 10-604, such a
municipality may levy and collect a special tax annually of not more
than .25 per cent of the value, as equalized or assessed by the
Department of Revenue, of taxable property situated in
the municipality. This tax shall be in addition to all other taxes that
the municipality may be authorized by law to levy and shall be in
addition to the amount authorized to be levied for general purposes as
provided in Section 8-3-1 of the Illinois Municipal Code, as now or
hereafter amended. However, this tax shall not be levied in the
municipality until the question of levying the tax has been submitted,
in accordance with the general election laws of this State, to the
electors of the municipality at an election and has been approved by a majority
of the electors
voting thereon. The corporate authorities of the municipality may initiate
the submission of such proposition to referendum by ordinance.
The proposition shall be in substantially the following form:
-------------------------------------------------------------- Shall (insert the name of municipality)be empowered to levy and collect a specialtax annually of .... per cent on each YESdollar of the valuation of the taxableproperty for the purpose of acquiring, --------------constructing, maintaining or operatingbridges or approaches and transportation NOand other terminal facilities, as providedin Section 10-605 of the Illinois Highway Code?--------------------------------------------------------------
If a majority of the electors of the municipality voting thereon vote
for the levy and collection of the tax provided for in this Section, the
municipality has the power to levy and collect the tax.
The foregoing limitation upon tax rate may be increased or decreased
according to the referendum provisions of the General Revenue Law of
Illinois.
(Source: P.A. 81-1509.)
|