105 ILCS 5/34-53
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-53)Sec. 34-53. Tax levies; purpose; rates. For the purpose of  establishing and supporting free schools for not fewer than 9 months in  each year and defraying their expenses the board may levy annually, upon all taxable  property of such district for educational purposes a tax for  the fiscal years 1996 and each succeeding fiscal year at a rate of not to exceed the sum of (i) 3.07% (or such other rate as may be set  by law  independent of the rate difference described in (ii) below) and (ii) the  difference between .50% and the rate per cent of taxes extended for a  School Finance Authority organized under Article 34A of the School Code,  for the calendar year in which the applicable fiscal year of the board  begins as determined by the county clerk and certified to the board  pursuant to Section 18-110 of the Property Tax Code, of the value as  equalized or assessed by the Department of Revenue for the year in which  such levy is made.Beginning on the effective date of this amendatory Act of the 99th General Assembly, for the purpose of making an employer contribution to the Public School Teachers' Pension and Retirement Fund of Chicago,  the board may levy annually for taxable years prior to 2017, upon all taxable property located within the district, a tax at a rate not to exceed 0.383%. Beginning with the 2017 taxable year, for the purpose of making an employer contribution to the Public School Teachers' Pension and Retirement Fund of Chicago, the board may levy annually, upon all taxable property within the district, a tax at a rate not to exceed 0.567%.  The proceeds from this additional tax shall be paid, as soon as possible after collection, directly to Public School Teachers' Pension and Retirement Fund of Chicago and not to the Board of Education. The rate under this paragraph is not a new rate for the purposes of the Property Tax Extension Limitation Law. Notwithstanding any other provision of law, for the 2016 tax year only, the board shall certify the rate to the county clerk on the effective date of this amendatory Act of the 99th General Assembly, and the county clerk shall extend that rate against all taxable property located within the district as soon after receiving the certification as possible.Nothing in this amendatory Act of 1995  shall in  any way impair or restrict the levy or extension of taxes pursuant to any  tax levies for any purposes of the board lawfully made prior to the  adoption of this amendatory Act of 1995.Notwithstanding any other provision of this Code and in  addition to any other methods provided for increasing the tax rate  the board may, by proper resolution, cause a  proposition to increase the annual tax rate for educational purposes to  be submitted to the voters of such district at any general or special  election.  The maximum rate for educational purposes shall not exceed  4.00%.  The election called for such purpose shall be governed by  Article 9 of this Act.  If at such election a majority of the votes cast  on the proposition is in favor thereof, the Board of Education may  thereafter until such authority is revoked in a like manner, levy  annually the tax so authorized.For purposes of this Article, educational purposes for fiscal years  beginning in 1995 and each subsequent year shall also include, but not be  limited to, in addition to those purposes authorized before this amendatory Act  of 1995, constructing, acquiring, leasing (other than from the Public Building  Commission of Chicago), operating, maintaining, improving, repairing, and  renovating land, buildings, furnishings, and equipment for school houses and  buildings, and related incidental expenses, and  provision of special education, furnishing free textbooks and  instructional aids and school supplies, establishing, equipping, maintaining,  and operating supervised playgrounds under the control of the board, school  extracurricular activities, and stadia, social center, and summer swimming pool  programs open to the public in connection with any public school; making an  employer contribution to the Public School Teachers' Pension and Retirement  Fund as required by Section 17-129 of the Illinois Pension Code; and providing  an agricultural science school, including site development and improvements,  maintenance repairs, and supplies.  Educational purposes also includes student  transportation expenses.All collections of all taxes levied for fiscal years ending before 1996 under  this  Section or under Sections 34-53.2, 34-53.3, 34-58, 34-60, or 34-62 of this  Article as in effect prior to this amendatory Act of 1995 may be used for any  educational purposes as defined by this amendatory Act of 1995 and need not be  used for the particular purposes for which they were levied.  The levy and extension of taxes pursuant to this Section as amended by this  amendatory Act of 1995 shall not constitute a new or increased tax rate within  the meaning of the Property Tax Extension Limitation Law or the One-year  Property Tax Extension Limitation Law.The rate at which taxes may be levied for the fiscal year beginning  September  1, 1996, for educational purposes shall be the full rate authorized by this  Section for such taxes for fiscal years ending after 1995.  (Source: P.A. 99-521, eff. 6-1-17; 100-465, eff. 8-31-17.)