HB2587 102ND GENERAL ASSEMBLY

LRB102 13642 HLH 18992 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2587

Introduced 2/19/2021, by Rep. Stephanie A. Kifowit

SYNOPSIS AS INTRODUCED:

65 ILCS 5/11-74.4-5.1 new

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that any school district that is affected by the establishment of a tax increment financing district may file an objection with the State Board of Education, alleging: (i) that the redevelopment project area does not meet the criteria for designation; or (ii) that property tax revenue received by the school district after the establishment of the tax increment financing district is likely to be insufficient to allow the school district to meet its obligation to provide a high quality public education to students under Section 1 of Article X of the Illinois Constitution.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning local government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Municipal Code is amended by adding Section 11-74.4-5.1 as follows:

(65 ILCS 5/11-74.4-5.1 new)

Sec. 11-74.4-5.1. School district objections. In addition to any other remedy provided by law, within 30 days after the date of the public hearing under Section 11-74.4-5, any school district that is affected by the establishment of a tax increment financing district under this Article may file an objection with the State Board of Education, alleging: (i) that the redevelopment project area does not meet the criteria for designation under this Article; or (ii) that property tax revenue received by the school district after the establishment of the tax increment financing district is likely to be insufficient to allow the school district to meet its obligation to provide a high quality public education to students under Section 1 of Article X of the Illinois Constitution. If the State Board of Education finds in favor of the school district, then the establishment of the redevelopment project area may not proceed. The decision of the State Board of Education under this Section shall be considered a final decision for purposes of administrative review under the Administrative Review Law.