Wednesday, June 6, 2018

Alliance Legislative Report 100-72

GOVERNOR SIGNS BUDGET BILLS

Governor Bruce Rauner signed the Fiscal Year 2019 state budget into law on Monday. In a rare display of bipartisanship, the Illinois General Assembly approved a full year state budget – balanced and on time – on May 31. Details of the spending plan were contained in the last Alliance Legislative Report. Surrounded by legislators from both parties and from both chambers, the governor presided over a bill signing ceremony in the James R. Thompson Center in downtown Chicago. Lawmakers are not slated to return to the Capitol until after the General Election in November.

HB 109, the appropriations bill, is now Public Act 100-0586. HB 3342, the Budget Implementation Bill, is now Public Act 100-0587. They became effective upon the governor’s signature.

TIF REFORM TASK FORCE REPORT RELEASED

A provision in Public Act 100-0465, which contained the new Evidence-Based Funding formula, provided for the creation of the Tax Increment Financing (TIF) Reform Task Force. The Task Force was charged with reviewing the benefits and costs of TIF districts, the interaction between TIF law and school funding, the expenditure of TIF funds, and the expenditure of TIF surplus funds. The Task Force held meetings in which representatives from local governments, education, private industry, nonprofit entities, and the economic development community provided testimony. The full Task Force Report can be viewed here.

The Illinois Statewide School Management Alliance and other school district organizations formed a working group to explore legislative changes to the TIF law. The Alliance gives special thanks to Ryan Linnig, superintendent/principal, Dimmick CCSD 175; and John Izzo, attorney, Hauser, Izzo, Petrarca, Gleason & Stillman, LLC, for taking time to present the group’s recommendations to the Task Force members in Springfield in April. The Alliance will continue to pursue changes to the TIF law reflecting these and other TIF issues as they emerge. The working group’s recommendations to the Task Force can be reviewed on the IASB website.

Click here to read the entire Alliance Legislative Report 100-72, including information on upcoming threat assessment workshops and the IASB resolutions deadline.