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92_SB0709 LRB9205142SMdv 1 AN ACT in relation to taxes. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Property Tax Code is amended by changing 5 Section 18-101.25 as follows: 6 (35 ILCS 200/18-101.25) 7 (Section scheduled to be repealed on January 1, 2003) 8 Sec. 18-101.25. Intent to adopt an aggregate levy; 9 hearing required. Upon making the estimate as provided in 10 Section 18-101.15, the corporate authority shall hold a 11 hearing on its intent to adopt an aggregate levy. Except as 12 otherwise provided in this Section, hearings shall be held at 13 the first regularly scheduled meeting of the taxing district 14 in the month of December. If the taxing district does not 15 hold a regularly scheduled meeting in December, hearings 16 shall be held according to the following schedule. 17 (1) First Monday in December: Park districts and 18 municipalities. 19 (2) First Tuesday in December: Townships, road 20 districts, and all school districts except high school 21 districts. 22 (3) First Wednesday in December: High school 23 districts and libraries. 24 (4) First Thursday in December: Counties and forest 25 preserve districts. 26 (5) First Friday in December: All other taxing 27 districts. 28 All hearings shall be open to the public. The corporate 29 authority of the taxing district shall explain the reasons 30 for the levy and any proposed increase and shall permit 31 persons desiring to be heard an opportunity to present -2- LRB9205142SMdv 1 testimony within such reasonable time limits as it shall 2 determine. The hearing shall not coincide with the hearing 3 on the proposed budget. The corporate authority may, 4 however, conduct any other business of the taxing district on 5 the same day. Failure of a taxing district to convene or 6 complete a public hearing on the day prescribed in this 7 Section due to good cause unrelated to inadvertence, 8 including, but not limited to, physical perils such as 9 natural disasters or acts of God, shall not constitute a 10 failure to hold a public hearing under this Division 2.1. In 11 this event, a taxing district may either hold a separate 12 public hearing on its proposed tax levy, or place the hearing 13 on its proposed tax levy on the agenda of the taxing 14 district's next scheduled meeting. In either case, a taxing 15 district shall give notice of the hearing pursuant to 16 Sections 2.02, 2.03, and 2.04 of the Open Meetings Act. 17 For the purpose of permitting the issuance of warrants or 18 notes in anticipation of the taxes to be levied, a taxing 19 district may hold (on any date prior to the first week in 20 December) a hearing on its intent to adopt an aggregate levy. 21 If the estimate of the aggregate levy is more than the amount 22 extended or estimated to be extended, plus any amount abated 23 by the corporate authority prior to the extension, upon the 24 final aggregate levy of the preceding year, exclusive of 25 election costs, notice of this hearing shall be given in the 26 same manner as provided in this Division 2.1. This earlier 27 hearing shall be in addition to, and not instead of, the 28 mandatory December hearing, but may be conducted in 29 conjunction with a regular meeting of the taxing district. 30 Any taxing district with a fiscal year beginning on 31 December 1 or any taxing district that is required to adopt a 32 levy ordinance by the first Tuesday in December, for which 33 the hearing day requirement of this Section would conflict 34 with the adoption of its tax levy or annual appropriation -3- LRB9205142SMdv 1 ordinance, or both, may hold a public hearing on its proposed 2 tax levy prior to and instead of the day prescribed in this 3 Section. This public hearing shall be restricted to the 4 proposed tax levy, and no other business of the taxing 5 district shall be discussed or transacted. Notice of the 6 hearing shall be given as provided in Section 18-101.35 of 7 this Division 2.1. 8 (Source: P.A. 91-523, eff. 1-1-00; 91-897, eff. 7-6-00.) 9 Section 99. Effective date. This Act takes effect upon 10 becoming law.