(70 ILCS 3105/18) (from Ch. 85, par. 1668)
Sec. 18.
The fiscal year of each district shall commence July 1 and extend
through the following June 30.
The board of each district shall on or before the second Tuesday in
September of each year, adopt a combined annual budget and appropriation
ordinance as provided in the Illinois Municipal Budget Law. In the case
of districts composed of one county, such ordinance shall be submitted
to the county board for review and approval, by county ordinance, before
it becomes effective. In case the district is composed of only one
township, such ordinance shall be submitted to the board of township
trustees for review and approval, by township ordinance, before it
becomes effective.
Except as otherwise provided in this Act, a district may annually
levy taxes upon all the taxable property therein at the full, fair cash
value thereof, as equalized or assessed by the Department of Revenue, to
be extended at a rate not exceeding .05%.
After the adoption of the appropriation ordinance and on or before
the second Tuesday in September of each year, the board shall ascertain
the total amount of the appropriations legally made which are to be
provided for from tax levies for the current year. Then, by an ordinance
specifying in detail the purposes for which such appropriations have
been made and the amounts appropriated for such purposes, the board
shall levy not to exceed the total amount so ascertained upon all the
property subject to taxation within the district as the same is assessed
and equalized for state and county purposes for the current year. A
certified copy of such ordinance shall be filed on or before the first
Tuesday in October with the clerk of each county wherein the district or
any part thereof is located.
(Source: P.A. 80-689.)
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