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70 ILCS 1505/19
(70 ILCS 1505/19) (from Ch. 105, par. 333.19)
Sec. 19.
The Chicago Park District Commission is empowered to levy
and collect a general tax on the property in the park district for
necessary expenses of said district for the construction and maintenance
of the parks and other improvements hereby authorized to be made, and
for the acquisition and improvement of lands herein authorized to be
purchased or acquired by any means provided for in this Act.
The commissioners shall cause the amount to be raised by taxation in
each year to be certified to the county clerk on or before March 30 of
each year, in the manner provided by law and all taxes so levied and
certified shall be collected and enforced in the same manner and by the
same officers as for State and county purposes. All such general taxes,
when collected, shall be paid over to the proper officer of the
commission who is authorized to receive and receipt for the same. All
taxes authorized to be levied under this Act shall be levied annually
prior to March 28 in the same manner as nearly as practicable as taxes
are now levied for city and village purposes under the laws of this
State. The aggregate amount of taxes so levied exclusive of levies for
Park Employee's Annuity and Benefit Funds, Park Policemen's Pension
Funds, Park Policemen's Annuity and Benefit Funds, levies to pay the
principal of and interest on bonded indebtedness and judgments and
levies for the maintenance and care of aquariums and museums in public
parks shall not exceed a rate of .66 per cent for the year 1980 and each
year thereafter of the full, fair cash value, as equalized or assessed
by the Department of Revenue, of the taxable property
in said district.
For the purpose of establishing and maintaining a reserve fund for
the payment of claims, awards, losses, judgments or liabilities which
might be imposed on such park district under the Workers' Compensation
Act or the Workers' Occupational Diseases Act, such park district may
also levy annually upon all taxable property within its territorial
limits a tax not to exceed .005% of the full, fair cash value, as
equalized or assessed by the Department of Revenue of
the taxable property in said district as equalized and determined for
State and local taxes; provided, however, the aggregate amount which may
be accumulated in such reserve fund shall not exceed .05% of such
assessed valuation.
If any of the park authorities superseded by this Act shall have
levied and collected taxes pursuant to the provisions of "An Act
concerning aquariums and museums in public parks," approved June 17,
1893, as amended, the park commissioners of the Chicago Park District
may continue to levy an annual tax pursuant to the provisions of such
Act, but such tax levied by such commissioners shall not exceed a rate
of .15 per cent, of the full, fair cash value as equalized or assessed
by the Department of Revenue, of taxable property
within such Chicago Park District and such tax shall be in addition to
all other taxes which such park commissioners may levy. Said tax shall
be levied and collected in like manner as the general taxes for such
Park District and shall not be included within any limitation of rate
for general park purposes as now or hereafter provided by law but shall
be excluded therefrom and be in addition thereto and in excess thereof.
The proceeds of such tax shall be kept as a separate fund.
In addition, the treasurer of the Chicago Park District shall deposit
7.5340% of its receipts in each fiscal year from the Personal Property Tax
Replacement Fund in the State Treasury into such aquarium and museum fund
for appropriation and disbursement of assets of such fund as if such receipts
were property taxes made available pursuant to Section 2 of "An Act concerning
aquariums and museums in public parks", approved June 17, 1893, as amended.
This amendatory Act of 1983 is not intended to nor does it make any change
in the meaning of any provision of this or any other Act but is intended
to be declarative of existing law.
The treasurer of the Chicago Park District shall deposit 0.03968% of
its receipts in each fiscal year from the Personal Property Tax Replacement
Fund in the State Treasury into the Park Employee's Annuity and Benefit Fund.
(Source: P.A. 84-635.)
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