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92_HB1277eng HB1277 Engrossed LRB9203259SMdv 1 AN ACT in relation to taxes. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Property Tax Code is amended by changing 5 Section 18-80 as follows: 6 (35 ILCS 200/18-80) 7 Sec. 18-80. Time and form of notice. The notice shall 8 appear not more than 14 days nor less than 7 days prior to 9 the date of the public hearing. The notice shall be no less 10 than 1/8 page in size, and the smallest type used shall be 12 11 point and shall be enclosed in a black border no less than 12 1/4 inch wide. The notice shall not be placed in that portion 13 of the newspaper where legal notices and classified 14 advertisements appear. The notice shall be published in 15 substantially the following form: 16 Notice of Proposed Property Tax Increase for ... 17 (commonly known name of taxing district). 18 I. A public hearing to approve a proposed property tax 19 levy increase for ... (legal name of the taxing district)... 20 for ... (year) ... will be held on ... (date) ... at ... 21 (time) ... at ... (location). 22 Any person desiring to appear at the public hearing and 23 present testimony to the taxing district may contact ... 24 (name, title, address and telephone number of an appropriate 25 official). 26 II. The corporate and special purpose property taxes 27 extended or abated for ... (preceding year) ... were ... 28 (dollar amount of the final aggregate levy as extended, plus 29 the amount abated by the taxing district prior to extension). 30 The proposed corporate and special purpose property taxes 31 to be levied for ... (current year) ... are ... (dollar HB1277 Engrossed -2- LRB9203259SMdv 1 amount of the proposed aggregate levy). This represents a 2 ... (percentage) ... increase over the previous year. 3 III. The property taxes extended for debt service and 4 public building commission leases for ... (preceding year) 5 ... were ... (dollar amount). 6 The estimated property taxes to be levied for debt 7 service and public building commission leases for ... 8 (current year) ... are ... (dollar amount). This represents 9 a ... (percentage increase or decrease) ... over the previous 10 year. 11 IV. The total property taxes extended or abated for ... 12 (preceding year) ... were ... (dollar amount). 13 The estimated total property taxes to be levied for ... 14 (current year) ... are ... (dollar amount). This represents 15 a ... (percentage increase or decrease) ... over the previous 16 year. 17 Any notice which includes any information not specified 18 and required by this Article shall be an invalid notice. 19 All hearings shall be open to the public. The corporate 20 authority of the taxing district shall explain the reasons 21 for the proposed increase and shall permit persons desiring 22 to be heard an opportunity to present testimony within 23 reasonable time limits as it determines. 24 (Source: P.A. 86-957; 88-455.) 25 Section 99. Effective date. This Act takes effect upon 26 becoming law.