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90_HC0003 ILCON Art. IX, Sec. 4.5 new Proposes to amend the Revenue Article of the Illinois Constitution. Provides that property taxes and any other taxes or user fees shall be levied at an amount no higher than that levy in effect on the effective date of this Constitutional Amendment or at the levy in effect in 1990, whichever is less, excluding certain taxes or fees for bonded indebtedness incurred before the effective date of this Constitutional Amendment. Provides that, as of the effective date of this Constitutional Amendment, there shall be no more reassessments that would increase the assessed value or equalization of property. Provides that voters of a unit of local government or school district may initiate referenda to lower the levy, taxes, or fees imposed by that unit of local government or school district. Provides that an ordinance that would increase the revenue of a unit of local government or school district may become law only with approval at referendum of at least two-thirds of the voters. Provides that a bill that would increase the revenue of the State may become law only with approval at a statewide referendum of at least two-thirds of the voters. Effective upon approval by electors. LRB9000841KRpk LRB9000841KRpk 1 HOUSE JOINT RESOLUTION 2 CONSTITUTIONAL AMENDMENT 3 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE 4 NINETIETH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE 5 SENATE CONCURRING HEREIN, that there shall be submitted to 6 the electors of the State for adoption or rejection at the 7 general election next occurring at least 6 months after the 8 adoption of this resolution a proposition to add Section 4.5 9 to Article IX of the Illinois Constitution as follows: 10 ARTICLE IX 11 REVENUE 12 (ILCON Art. IX, Sec. 4.5 new) 13 SECTION 4.5. REVENUE LIMITATIONS 14 (a) Taxes upon real property and any other taxes or user 15 fees imposed by a unit of local government or school district 16 shall be levied at an amount no higher than that levy in 17 effect on the effective date of this Section or at the levy 18 in effect in 1990, whichever is less, excluding taxes or fees 19 for bonded indebtedness incurred before the effective date of 20 this Section. 21 (b) There shall be no reassessment that would increase 22 the assessed value of existing structures or land after the 23 effective date of this Section. 24 (c) There shall be no equalization of assessments 25 between or within townships, between or within counties, or 26 between or within classes of property by application of a 27 percentage increase to assessments after the effective date 28 of this Section. 29 (d) Voters of a unit of local government or school 30 district may initiate, by a petition signed by at least 1% of 31 the registered voters in that unit of local government or 32 school district, or 10,000 voters, whichever is less, -2- LRB9000841KRpk 1 referenda to lower the levy, taxes, or fees imposed by that 2 unit of local government or school district. There shall be 3 no limit on the number of local tax cut referenda at any 4 election. 5 (e) An ordinance of a unit of local government or school 6 district that would result in the increase of revenue to that 7 unit of local government or school district may become law 8 only with approval at referendum of at least two-thirds of 9 the voters of that unit of local government or school 10 district voting on the question. 11 (f) A bill that would result in the increase of revenue 12 to the State may become law only with approval at a statewide 13 referendum of at least two-thirds of the voters of this State 14 voting on the question. 15 SCHEDULE 16 This Constitutional Amendment takes effect upon approval 17 by the electors of this State.