101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB3368
 
Introduced , by Rep. Tom Weber
 
SYNOPSIS AS INTRODUCED:
 

 
105 ILCS 5/17-3.4a new
105 ILCS 5/34-52.5 new

     Amends the School Code. Provides that no later than 30 days before a school district submits to the voters of that district a question on whether to issue bonds or increase the school district's property tax rate, the school district must send informational material to each resident of voting age in the school district; defines "informational material". Specifies what must be included in the informational material. Effective immediately.
  


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FISCAL NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
 
 
A BILL FOR
 

  
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1    AN ACT concerning education.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The School Code is amended  by adding Sections 
517-3.4a and 34-52.5 as follows:
 
6    (105 ILCS 5/17-3.4a new)
7    Sec. 17-3.4a. Tax increase; informational material.
8    (a) In this Section, "informational material" means a 
9one-page fact sheet distributed via U.S. mail to all residents 
10of a school district. A school district may determine the form 
11of the fact sheet. 
12    (b) No later than 30 days before a school district submits 
13to the voters of that district a question on whether to issue 
14bonds or increase the school district's property tax rate, the 
15school district must send informational material to each 
16resident of voting age in the school district. The 
17informational material must include all of the following, if 
18applicable: 
19        (1) A description of the project for which the bonds 
20    will be issued.
21        (2) A description of the estimated expenditures 
22    associated with the increase in the property tax rate.
23        (3) An estimate of the number of years during which the 
 
 
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1    bonds will be outstanding.
2        (4) An estimate of the total debt service to be paid on 
3    the bonds, including principal, interest, and the costs of 
4    issuing the bonds.
5        (5) All potential outcomes related to the property 
6    taxes of a median-priced house in the district for both if 
7    the referendum passes and if the referendum fails. 
 
8    (105 ILCS 5/34-52.5 new)
9    Sec. 34-52.5. Tax increase; informational material.
10    (a) In this Section, "informational material" means a 
11one-page fact sheet distributed via U.S. mail to all residents 
12of the school district. The school district may determine the 
13form of the fact sheet. 
14    (b) No later than 30 days before the school district 
15submits to the voters of the district a question on whether to 
16issue bonds or increase the school district's property tax 
17rate, the school district must send informational material to 
18each resident of voting age in the school district. The 
19informational material must include all of the following, if 
20applicable: 
21        (1) A description of the project for which the bonds 
22    will be issued.
23        (2) A description of the estimated expenditures 
24    associated with the increase in the property tax rate.
25        (3) An estimate of the number of years during which the 
 
 
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1    bonds will be outstanding.
2        (4) An estimate of the total debt service to be paid on 
3    the bonds, including principal, interest, and the costs of 
4    issuing the bonds.
5        (5) All potential outcomes related to the property 
6    taxes of a median-priced house in the district for both if 
7    the referendum passes and if the referendum fails. 
 
 
8    Section 99. Effective date. This Act takes effect upon 
9becoming law.