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Long-standing practice of working cash transfers validated by General Assembly

Franczek Radelet PC
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USA
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July 28 2010

This past Monday, July 26, 2010, Governor Quinn signed into law HB6041, which concerns transfers from a school district's Working Cash Fund to any operating fund of the district

New law allows school districts to form renewable energy agencies

Franczek Radelet PC
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USA
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August 9 2010

A new law allows school districts to join together and construct facilities that generate electricity from renewable energy sources and then sell the electricity they generate to power companies

Cook County amends debt disclosure ordinance to include pension liability information

Franczek Radelet PC
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USA
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February 23 2011

The Cook County Board of Commissioners recently amended the 'Taxing District Debt Disclosure' ordinance (DDO) to require the submission of additional information to the County Treasurer for posting on that office's website

Appellate court strikes down legal challenges to TIF and business districts

Franczek Radelet PC
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USA
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March 23 2011

Two decisions by the Illinois Appellate Court this year resulted in set backs to taxpayer challenges to municipal economic development activities

Illinois Supreme Court clarifies calculation of interest on property tax refunds

Franczek Radelet PC
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USA
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May 24 2011

Last week, the Illinois Supreme Court settled the question of how interest should be calculated on property tax refunds when it ruled on General Motors Corporation v. Pappas

Illinois Supreme Court rules on the reach of the Property Tax Extension Limitation Law (PTELL)

Franczek Radelet PC
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USA
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June 2 2011

In a recently released decision, the Illinois Supreme Court addressed a unique factual situation that touches on several hot button topics, including consolidation, the tax base of a multi-county school district, and the Property Tax Extension Limitation Law (PTELL

School district participation in Local Debt Recovery Program put on hold

Franczek Radelet PC
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USA
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February 6 2013

We have learned from several clients that debt collection efforts for school districts by the Illinois Office of the Comptroller under the Local Debt

Property tax data can aid school districts in budgeting and levying

Franczek Radelet PC
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USA
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February 26 2013

There are a number of little known sources of data that can assist school districts in their financial planning and public relations efforts. This

Constitutional challenge to County School Facility Occupation Tax allowed to proceed

Franczek Radelet PC
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USA
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May 4 2010

The Illinois Appellate Court recently considered a case involving a relatively new and little-known source of revenue for school districtsthe County School Facility Tax