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File #: 25-0938    Version: 1
Type: Motion Status: To Be Introduced
File created: 12/5/2025 In control: Miscellaneous & New Business
On agenda: 12/11/2025 Final action:
Title: MOTION to increase the Reserve Claim Fund
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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MOTION FOR SPECIAL MEETING OF DECEMBER 11, 2025

 

Title

MOTION to increase the Reserve Claim Fund

Body

 

I move that the District increase the Reserve Claim Fund authorized by 70 ILCS 2605/12 towards the statutory maximum authorized by law and to annually levy upon all taxable property within its corporate limits a tax not to exceed .005% of the assessed valuation of said taxable property as equalized and determined for State and local taxes; provided, however, that the aggregate amount which may be accrued in such reserve fund shall not exceed .05% of such assessed valuation.

 

Dated:  December 11, 2025

 

 

 

_______________________________

Commissioner

 

(Motion D)