Bill Title: Reinserts the provisions of the engrossed bill with the following changes. Further amends the School Code. With regard to property tax relief pool grants, provides that the intended relief may not be greater than 1% of the EAV for a unit district, 0.69% of the EAV for an elementary school district, or 0.31% of the EAV for a high school district, multiplied by the school district's local capacity percentage multiplier; defines "local capacity percentage multiplier". Provides that if more school districts apply for relief than there are funds available, the State Board of Education must distribute the grants and prorate any remaining funds to the final school district that qualifies for grant relief. Removes a provision requiring the State Board to publish an estimated threshold unit equivalent tax rate and granting eligibility for relief to a school district whose adjusted operating tax rate is greater than the estimated threshold unit equivalent tax rate; makes conforming changes. Provides that, beginning with Fiscal Year 2020, if a school district receives a grant, the school district must present to the county clerk a duly authorized and approved abatement resolution by March 30 for the year in which the school district receives the grant and the successive fiscal year following the receipt of the grant, authorizing the county clerk to lower the school district's levy by the amount designated in its original application to the State Board. Provides that after receiving a resolution, the county clerk must reduce the amount collected for the school district by the amount indicated in the school district's abatement resolution for that fiscal year. With regard to the evidence-based funding formula, makes changes to the duties and powers of the Professional Review Panel. Makes other changes. Adds an immediate effective date.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Passed) 2019-06-14 - Public Act . . . . . . . . . 101-0017 [SB2096 Detail]

Text: Latest bill text (Chaptered) [HTML]

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