|Public Act 096-0504
||LRB096 08247 RCE 18354 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Property Tax Code is amended by changing
Section 18-85 as follows:
(35 ILCS 200/18-85)
Notice if adopted levy exceeds proposed levy.
If the final
aggregate tax levy resolution or ordinance adopted
is more than 105% of the
amount, exclusive of election costs,
which was extended or is estimated to be
extended, plus any
amount abated by the taxing district prior to extension,
the final aggregate levy of the preceding year and is in excess
amount of the proposed levy stated in the notice
published under Section 18-70,
or is more than 105% of that
amount and no notice was required under Section
corporate authority shall give public notice of its action
days of the adoption of the levy in the following
Notice of Adopted Property Tax Increase for ... (commonly
known name of
I. The corporate and special purpose property taxes
extended or abated
for ... (preceding year) ... were ...
(dollar amount of the final aggregate
levy as extended).