Illinois General Assembly - Bill Status for HB1374

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Bill Status of HB1374 94th General Assembly

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Short Description: COMMUNITY COLLEGE - GRANTS

House Sponsors
Rep. Kevin A. McCarthy

Last Action

Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

110 ILCS 805/2-16.02

from Ch. 122, par. 102-16.02

Synopsis As Introduced
Amends the Public Community College Act. Makes changes concerning equalization grants to community college districts. Provides that equalization grants shall be distributed to districts based upon the higher of (i) an EAV-based equalization calculation using the equalized assessed valuation of property within the district or (ii) a PTE-based equalization calculation using the property tax extension within the district. Effective July 1, 2005.

Fiscal Note (Illinois Community College Board)

House Bill 1374 provides that equalization grants shall be distributed to districts based upon the higher (i) EAV-based equalization calculation using equalized assessed valuation of property within a district (the current method of calculating these grants) or (ii) a PTE-based calculation using the property tax extension within a district (the proposed addition to the current statute). Tax caps and the evaluations of farmland values that are impacting local revenues and the funding of Illinois community colleges that affect many aspects of financing for the various colleges. The Property Tax Extension Legislation (PTEL) has limited the colleges' ability to access local tax revenues. Some colleges are more dramatically affected than others, particularly Moraine Valley, Triton, and Chicago City Colleges. Additional resources are required for Foundation funding. If the $15 million allocated for City Colleges of Chicago in fiscal year 2005 becomes permanent and a part of the base for Foundation funding, then the ICCB estimates that an additional $10.8 million will be required to fund Foundation in fiscal year 2006. Using current data, 4-5 colleges (PTEL and non-PTEL) districts qualify for Foundation funding. The number of qualifying institutions and the dollar amount will fluctuate from year-to-year based on fluctuating data that are used in the formula.

Actions

Date	Chamber	Action
2/9/2005	House	Filed with the Clerk by Rep. Kevin A. McCarthy
2/9/2005	House	First Reading
2/9/2005	House	Referred to Rules Committee
2/10/2005	House	Assigned to Executive Committee
2/17/2005	House	Fiscal Note Filed
3/10/2005	House	Rule 19(a) / Re-referred to Rules Committee
1/9/2007	House	Session Sine Die

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