100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
Introduced , by Rep. David Harris
SYNOPSIS AS INTRODUCED:
Creates the Illinois Local Government Protection Authority Act.
Provides findings of the General Assembly and establishes the Authority
with the purpose of achieving solutions to financial difficulties faced by
units of local government. Defines terms and creates a board of trustees.
Sets forth the Authority's duties and powers, including the ability to
obtain the unit of local government's records and to recommend revenue
increases. Provides for a petition process, whereby certain entities may
petition the Authority to review a unit of local government. Sets forth
|FISCAL NOTE ACT MAY APPLY||HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY|
A BILL FOR
|HB2575||LRB100 10391 AWJ 20588 b|
AN ACT concerning local government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
This Act may be cited as the
Illinois Local Government Protection Authority Act.
Findings and purpose.
(a) The General Assembly finds that:
(1) The State and units of local government are in
financial distress, evidenced by reductions in government
services. These reductions have been spurred by the
escalating costs of promised services, salaries,
retirement annuities, and healthcare benefits.
(2) Certain goods, services, pensions, and retiree
health care costs are expected to grow at a faster rate of
inflation in the coming years.
(3) Illinois taxpayers have supported tax caps in the
past, compelling units of local government to manage within
existing tax and revenue limitations.
(4) If sufficient revenue is not raised to pay for
services and costs or, in the case of pensions, irrevocably
set aside and prudently invested, local governments'
unfunded liabilities including pension and Other Post
Employment Benefit (OPEB) obligations shall continue to