Bill > HB1793

This bill amends the School Code to require school districts to send informational material to residents of voting age at least 30 days before holding a referendum on issuing bonds or increasing property tax rates. The "informational material" is defined as a one-page fact sheet mailed to all district residents, which the school district can design. The fact sheet must include specific details such as a description of the proposed project, estimated expenditures associated with the tax rate increase, the estimated duration of bond repayment, total debt service costs, and potential property tax impacts for a median-priced house in the district under both passing and failing referendum scenarios. The bill applies to both general school districts and the Chicago school district, and becomes effective immediately. By mandating this transparent communication, the bill aims to ensure voters have clear, concise information about proposed financial measures before casting their ballots.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1793&GAID=18&DocTypeID=HB&SessionID=114&GA=104