October 1994 Municipal Calendar

This calendar is based upon the most current information, court decisions and
legislation of which the League has knowledge as of the date of this publication.
It supercedes similar information contained in all other League publications.

On or before the first day of October, home rule municipalities must file with the Department of Revenue a certified copy of any ordinance or resolution imposing or discontinuing a retailer's occupation tax or effecting a change in the rate thereof. (65 ILCS 5/8-11-1).

The tax levy ordinance must be passed and a certified copy thereof filed with the county clerk on or before the last Tuesday in December. (65 ILCS 5/8-3-1).

The Truth in Taxation Act provides that not less than 20 days before any taxing body makes its tax levy it must determine how many dollars in aggregate property tax extensions will be necessary. If the amount determined is more than 105% of the previous year's extensions plus any amount abated by the corporate authorities prior to the extensions, an additional notice published in the newspaper and a public hearing are required before the levy can be adopted. The notice must state the amount of the previous year's aggregate property tax extensions, the amount of the current year's property tax levy, the percentage increase and the date, place and time of the public hearing.

The notice must be no less than one-eighth page in size, and the smallest type used must be twelve point and must be enclosed in a black border no less than 1/4 inch wide. It cannot be published in the legal notices or classified section of the newspaper. The public hearing must be held between 7 and 14 days after the notice is published in the newspaper. (35 ILCS 200/18-70,18-75, 18-80) (P.A. 88-455, effective January 1.1994).

For municipalities having a fiscal year which begins on May 1, the treasurer's report for the preceding year must be filed with the clerk by the end of October. (65 ILCS 5/3-10-5.1).

The quarterly statement by inspectors of houses of corrections must be submitted to the comptroller for approval by the corporate authorities. (65 ILCS 5/11-4-5).

Page 16 / Illinois Municipal Review / September 1994