HB3188 103RD GENERAL ASSEMBLY

LRB103 29945 RJT 56360 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3188

Introduced 2/17/2023, 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.

STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY

A BILL FOR

AN ACT concerning education.

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

Section 5. The School Code is amended by adding Sections 17-3.4a and 34-52.5 as follows:

(105 ILCS 5/17-3.4a new)

Sec. 17-3.4a. Tax increase; informational material.

(a) In this Section, "informational material" means a one-page fact sheet distributed via U.S. mail to all residents of a school district. A school district may determine the form of the fact sheet.

(b) 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. The informational material must include all of the following, if applicable:

(1) A description of the project for which the bonds will be issued.

(2) A description of the estimated expenditures associated with the increase in the property tax rate.

(3) An estimate of the number of years during which the bonds will be outstanding.

(4) An estimate of the total debt service to be paid on the bonds, including principal, interest, and the costs of issuing the bonds.

(5) All potential outcomes related to the property taxes of a median-priced house in the district for both if the referendum passes and if the referendum fails.

(105 ILCS 5/34-52.5 new)

Sec. 34-52.5. Tax increase; informational material.

(a) In this Section, "informational material" means a one-page fact sheet distributed via U.S. mail to all residents of the school district. The school district may determine the form of the fact sheet.

(b) No later than 30 days before the school district submits to the voters of the 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. The informational material must include all of the following, if applicable:

(1) A description of the project for which the bonds will be issued.

(2) A description of the estimated expenditures associated with the increase in the property tax rate.

(3) An estimate of the number of years during which the bonds will be outstanding.

(4) An estimate of the total debt service to be paid on the bonds, including principal, interest, and the costs of issuing the bonds.

(5) All potential outcomes related to the property taxes of a median-priced house in the district for both if the referendum passes and if the referendum fails.

Section 99. Effective date. This Act takes effect upon becoming law.