HB 2510 — MUNI CD-APPROP ORD & AUTHORITY

093_HB2510HB2510 Engrossed LRB093 04044 MKM 04083 b AN ACT in relation to municipalities.

During HB2510 Engrossed -2- LRB093 04044 MKM 04083 b any fiscal year, the corporate authorities in municipalities subject to this Section may adopt a supplemental appropriation ordinance in an amount not in excess of the aggregate of any additional revenue available to the municipality, or estimated to be received by the municipality after the adoption of the annual appropriation ordinance for that fiscal year, or from fund balances available when the annual appropriation ordinance was adopted but that were not appropriated at that time.

The corporate authorities at any time, however, by a two-thirds vote of all the members of the body, may make transfers -----n---------------------r----------------------e------------- -----i--------------------i---------------- of sums of money appropriated for one corporate object or purpose to another corporate object or purpose, but no appropriation for any object or purpose shall thereby be reduced below an amount sufficient to cover all obligations incurred or to be incurred against the appropriation.

In addition, the corporate authorities shall hold at least one public hearing on that proposed HB2510 Engrossed -3- LRB093 04044 MKM 04083 b appropriation ordinance.

On or before the last Tuesday in December in each year, the corporate authorities shall ascertain the total amount o -- HB2510 Engrossed -4- LRB093 04044 MKM 04083 b -----p---------------------a------------p---------------------e---- budgeted for and any amount deemed necessary to defray additional expenses and liabilities for all corporate purposes to be provided for by the tax levy f_____________f________________________f___________ ----------a--.---------e---.

Then, by an ordinance specifying t__e______________________f_____________ _____e__________v____ --------------h----------------------o------------------------------m-----------------------t----------- -----p----------------------b---------------------i------------------p---------------------o----------------------c------------- -----s----------------------a---------------------e------------------s---------------------p----------------------i------------- -----i---------------------n----------------------a------------------i---------------------d-----------------------m------------ -----t-----------------------e--------------------c-------,-----t---------------------a----------------------t------, the corporate authorities shall levy upon all property subject to taxation within the municipality as that property is assessed and equalized for state and county purposes for the current year.

Where the corporate limits of a municipality lie partly in 2 or more counties, the corporate authorities shall ascertain the total amount of all taxable property lying HB2510 Engrossed -5- LRB093 04044 MKM 04083 b within the corporate limits of that municipality in each county, as the property is assessed or equalized by the Department of Revenue for the current year, and shall certify the amount of taxable property in each county within that municipality under the seal of the municipality, to the county clerk of the county where the seat of government of the municipality is situated.

But in municipalities with 500,000 or more inhabitants, the aggregate amount of taxes so levied exclusive of the amount levied for the payment of bonded indebtedness, or interest thereon, and exclusive of taxes levied for the payment of judgments, for which a special tax is authorized by law, and exclusive of the amounts levied for the purposes of pension funds, working cash fund, public library, municipal tuberculosis sanitarium, the propagation and preservation of community trees, and exclusive of taxes levied pursuant to Section 19 of the Illinois Emergency Services and Disaster Agency Act of 1975 and for the general assistance for needy persons lawfully resident therein, shall not exceed the estimated amount of taxes to be levied for each year for the purposes specified in Sections 8-2-2 through 8-2-5 and set forth in its annual appropriation HB2510 Engrossed -6- LRB093 04044 MKM 04083 b ordinance and in any supplemental appropriation ordinance authorized by law for that year.

The clerk HB2510 Engrossed -7- LRB093 04044 MKM 04083 b shall certify the proposition to the proper election authority who shall submit the question to the electors at such election.