Bill Text: IL HB2587 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that any school district that is affected by the establishment of a tax increment financing district may file an objection with the State Board of Education, alleging: (i) that the redevelopment project area does not meet the criteria for designation; or (ii) that property tax revenue received by the school district after the establishment of the tax increment financing district is likely to be insufficient to allow the school district to meet its obligation to provide a high quality public education to students under Section 1 of Article X of the Illinois Constitution.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee [HB2587 Detail]

Download: Illinois-2021-HB2587-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB2587 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED:
65 ILCS 5/11-74.4-5.1 new
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that any school district that is affected by the establishment of a tax increment financing district may file an objection with the State Board of Education, alleging: (i) that the redevelopment project area does not meet the criteria for designation; or (ii) that property tax revenue received by the school district after the establishment of the tax increment financing district is likely to be insufficient to allow the school district to meet its obligation to provide a high quality public education to students under Section 1 of Article X of the Illinois Constitution.
LRB102 13642 HLH 18992 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB2587 LRB102 13642 HLH 18992 b
AN ACT concerning local government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Municipal Code is amended by
adding Section 11-74.4-5.1 as follows:
(65 ILCS 5/11-74.4-5.1 new)
Sec. 11-74.4-5.1. School district objections. In addition
to any other remedy provided by law, within 30 days after the
date of the public hearing under Section 11-74.4-5, any school
district that is affected by the establishment of a tax
increment financing district under this Article may file an
objection with the State Board of Education, alleging: (i)
that the redevelopment project area does not meet the criteria
for designation under this Article; or (ii) that property tax
revenue received by the school district after the
establishment of the tax increment financing district is
likely to be insufficient to allow the school district to meet
its obligation to provide a high quality public education to
students under Section 1 of Article X of the Illinois
Constitution. If the State Board of Education finds in favor
of the school district, then the establishment of the
redevelopment project area may not proceed. The decision of
the State Board of Education under this Section shall be

HB2587 - 2 - LRB102 13642 HLH 18992 b
considered a final decision for purposes of administrative
review under the Administrative Review Law.