Bill > HB3266

This bill amends the Prevailing Wage Act to expand the definition of "public works" to include private projects located in a tax increment financing (TIF) district that are paid for wholly or in part out of public funds. The expansion has two key exceptions: projects with a total cost less than $25,000 and projects performed in a designated historic district requiring specialty contractors. A TIF district is a special financial tool used by local governments to fund infrastructure or redevelopment by redirecting future property tax revenue increases from a specific area toward economic development. By including these private projects under the prevailing wage requirements, the bill ensures that workers on these projects receive wages comparable to those paid for similar work in the locality, which typically means paying wages and benefits at rates determined by local labor market conditions. The prevailing wage provision aims to protect workers' compensation and maintain local labor standards for construction and related work, even when projects are partially funded by public money and located in designated economic development areas.

Business and Industry

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3266&GAID=18&DocTypeID=HB&SessionID=114&GA=104