Bill Text: IL SB2767 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Cook County Forest Preserve Article of the Illinois Pension Code. In a provision concerning the property tax levy for providing revenue for the Fund, provides that the forest preserve district may use other lawfully available funds in lieu of all or part of the levy.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2021-01-13 - Session Sine Die [SB2767 Detail]
Download: Illinois-2019-SB2767-Introduced.html
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
1 | AN ACT concerning public employee benefits.
| ||||||||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois,
| ||||||||||||||||||||||||
3 | represented in the General Assembly:
| ||||||||||||||||||||||||
4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||
5 | Section 10-107 as follows:
| ||||||||||||||||||||||||
6 | (40 ILCS 5/10-107) (from Ch. 108 1/2, par. 10-107)
| ||||||||||||||||||||||||
7 | Sec. 10-107. Financing - Tax levy. The forest preserve | ||||||||||||||||||||||||
8 | district may
levy an annual tax on the value, as equalized or | ||||||||||||||||||||||||
9 | assessed by the
Department of Revenue, of all taxable property | ||||||||||||||||||||||||
10 | in the
district for the purpose of providing revenue for the | ||||||||||||||||||||||||
11 | fund. The rate of
such tax in any year may not exceed the rate | ||||||||||||||||||||||||
12 | herein specified for that
year or the rate which will produce, | ||||||||||||||||||||||||
13 | when extended, the sum herein
stated for that year, whichever | ||||||||||||||||||||||||
14 | is higher: for any year prior to 1970,
.00103% or $195,000; for | ||||||||||||||||||||||||
15 | the year 1970, .00111% or $210,000; for the
year 1971, .00116% | ||||||||||||||||||||||||
16 | or $220,000. For the year 1972 and each year
thereafter, the | ||||||||||||||||||||||||
17 | Forest Preserve District shall levy a tax annually at a
rate on | ||||||||||||||||||||||||
18 | the dollar of the value, as equalized or assessed by the
| ||||||||||||||||||||||||
19 | Department of Revenue upon all taxable property in the
county, | ||||||||||||||||||||||||
20 | when extended, not to exceed an amount equal to the total | ||||||||||||||||||||||||
21 | amount
of contributions by the employees to the fund made in | ||||||||||||||||||||||||
22 | the calendar year
2 years prior to the year for which the | ||||||||||||||||||||||||
23 | annual applicable tax is levied,
multiplied by 1.25 for the |
| |||||||
| |||||||
1 | year 1972; and by 1.30 for the year 1973 and
for each year | ||||||
2 | thereafter.
| ||||||
3 | The tax shall be levied and collected in like manner with | ||||||
4 | the general
taxes of the district and shall be in addition to | ||||||
5 | the maximum of all
other tax rates which the district may levy | ||||||
6 | upon the aggregate valuation
of all taxable property and shall | ||||||
7 | be exclusive of and in addition to the
maximum amount and rate | ||||||
8 | of taxes the district may levy for general
purposes or under | ||||||
9 | and by virtue of any laws which limit the amount of
tax which | ||||||
10 | the district may levy for general purposes. The county clerk
of | ||||||
11 | the county in which the forest preserve district is located in
| ||||||
12 | reducing tax levies under the provisions of "An Act concerning | ||||||
13 | the levy
and extension of taxes", approved May 9, 1901, as | ||||||
14 | amended, shall not
consider any such tax as a part of the | ||||||
15 | general tax levy for forest
preserve purposes, and shall not | ||||||
16 | include the same in the limitation of
1% of the assessed | ||||||
17 | valuation upon which taxes are required to be
extended, and | ||||||
18 | shall not reduce the same under the provisions of that
Act. The | ||||||
19 | proceeds of the tax herein authorized shall be kept as a
| ||||||
20 | separate fund. | ||||||
21 | The forest preserve district may use other lawfully | ||||||
22 | available funds in lieu of all or part of the levy.
| ||||||
23 | The Board may establish a manpower program reserve, or a | ||||||
24 | special
forest preserve district contribution rate, with | ||||||
25 | respect to employees
whose wages are funded as program | ||||||
26 | participants under the Comprehensive
Employment and Training |
| |||||||
| |||||||
1 | Act of 1973 in the manner provided in subsection
(d) or (e), | ||||||
2 | respectively, of Section 9-169.
| ||||||
3 | (Source: P.A. 81-1509.)
|