| |||||||
| |||||||
| |||||||
| 1 | AN ACT concerning public employee benefits.
| ||||||
| 2 | Be it enacted by the People of the State of Illinois,
| ||||||
| 3 | represented in the General Assembly:
| ||||||
| 4 | Section 5. The Illinois Pension Code is amended by | ||||||
| 5 | changing Section 10-107 as follows:
| ||||||
| 6 | (40 ILCS 5/10-107) (from Ch. 108 1/2, par. 10-107)
| ||||||
| 7 | Sec. 10-107. Financing - Tax levy. The forest preserve | ||||||
| 8 | district may
levy an annual tax on the value, as equalized or | ||||||
| 9 | assessed by the
Department of Revenue, of all taxable property | ||||||
| 10 | in the
district for the purpose of providing revenue for the | ||||||
| 11 | fund. The rate of
such tax in any year may not exceed the rate | ||||||
| 12 | herein specified for that
year or the rate which will produce, | ||||||
| 13 | when extended, the sum herein
stated for that year, whichever | ||||||
| 14 | is higher: for any year prior to 1970,
.00103% or $195,000; for | ||||||
| 15 | the year 1970, .00111% or $210,000; for the
year 1971, .00116% | ||||||
| 16 | or $220,000. For the year 1972 and each year
thereafter, the | ||||||
| 17 | Forest Preserve District shall levy a tax annually at a
rate on | ||||||
| 18 | the dollar of the value, as equalized or assessed by the
| ||||||
| 19 | Department of Revenue upon all taxable property in the
county, | ||||||
| 20 | when extended, not to exceed an amount equal to the total | ||||||
| 21 | amount
of contributions by the employees to the fund made in | ||||||
| 22 | the calendar year
2 years prior to the year for which the | ||||||
| 23 | annual applicable tax is levied,
multiplied by 1.25 for the | ||||||
| |||||||
| |||||||
| 1 | year 1972; and by 1.30 for the year 1973 and
for each year | ||||||
| 2 | thereafter.
| ||||||
| 3 | The tax shall be levied and collected in like manner with | ||||||
| 4 | the general
taxes of the district and shall be in addition to | ||||||
| 5 | the maximum of all
other tax rates which the district may levy | ||||||
| 6 | upon the aggregate valuation
of all taxable property and shall | ||||||
| 7 | be exclusive of and in addition to the
maximum amount and rate | ||||||
| 8 | of taxes the district may levy for general
purposes or under | ||||||
| 9 | and by virtue of any laws which limit the amount of
tax which | ||||||
| 10 | the district may levy for general purposes. The county clerk
| ||||||
| 11 | of the county in which the forest preserve district is located | ||||||
| 12 | in
reducing tax levies under the provisions of "An Act | ||||||
| 13 | concerning the levy
and extension of taxes", approved May 9, | ||||||
| 14 | 1901, as amended, shall not
consider any such tax as a part of | ||||||
| 15 | the general tax levy for forest
preserve purposes, and shall | ||||||
| 16 | not include the same in the limitation of
1% of the assessed | ||||||
| 17 | valuation upon which taxes are required to be
extended, and | ||||||
| 18 | shall not reduce the same under the provisions of that
Act. The | ||||||
| 19 | proceeds of the tax herein authorized shall be kept as a
| ||||||
| 20 | separate fund. | ||||||
| 21 | The forest preserve district may use other lawfully | ||||||
| 22 | available funds in lieu of all or part of the levy.
| ||||||
| 23 | The Board may establish a manpower program reserve, or a | ||||||
| 24 | special
forest preserve district contribution rate, with | ||||||
| 25 | respect to employees
whose wages are funded as program | ||||||
| 26 | participants under the Comprehensive
Employment and Training | ||||||
| |||||||
| |||||||
| 1 | Act of 1973 in the manner provided in subsection
(d) or (e), | ||||||
| 2 | respectively, of Section 9-169.
| ||||||
| 3 | (Source: P.A. 81-1509.)
| ||||||