70 ILCS 1205/11.2-2
2021 Illinois Compiled Statutes|Chapter 70 - SPECIAL DISTRICTS|70 ILCS 1205/ - Park District Code.|Article 11.2 - Working Cash Fund

 (from Ch. 105, par. 11.2-2)Sec. 11.2-2.         For the purpose of providing monies for a working cash fund,  the governing board of any park district may levy an annual tax, known  as the "working cash fund tax", for any 4 years  only on all the taxable property of their district  at a rate not to exceed .025% of the value, as equalized or assessed by  the Department of Revenue, to provide monies for the working  cash fund.  Prior to the levy and collection of such a tax, a park district  shall adopt a resolution authorizing the levy and collection of the tax,  and, within ten days after the adoption of such a resolution, it shall be  published once in a newspaper published and having a general circulation  in the park district, or, if there is no such newspaper, then in some newspaper  having a general circulation in the county wherein such district or the  greater or greatest portion in area of said district lies.  The publication or posting of the resolution shall include a notice of  (1) the specific number of voters required to sign a petition requesting  that the question of the adoption of the resolution be submitted to the  electors of the district; (2) the time in which the petition must be filed;  and (3) the date of the prospective referendum.  The Secretary of the governing board of the park district shall provide  a petition form to any individual requesting one.If no valid petition is filed with the Secretary of the Board, as hereinafter  provided in this Section, within 30 days after the publication of the  resolution, the resolution shall be in effect.  But, if within that 30 day  period a petition is filed with the Secretary of the Board, signed by  electors in the district numbering 10% or more of the number of registered  voters in the district, asking that the question of levying and collecting  such tax be submitted to the electors of the district, the board shall  certify the proposition to the proper election officials for submission at  the next election in accordance with the general election law. If a  majority of electors voting upon the question voted in favor of the levy  and collection of the tax provided for, such district shall be authorized  and empowered to levy and collect such tax annually for any 4 years only,  but if a majority of the electors voting upon the question are not in favor  thereof, the resolution shall not take effect.The collection of a tax levied under this Section shall not be anticipated  by the issuance of any warrants drawn against the tax.  The tax shall be  levied and collected, except as otherwise provided in this Section, in like  manner as the general taxes of the district, shall be in addition to the  maximum of all other taxes now or hereafter to be levied for park purposes,  and may be levied by separate resolution by the last Tuesday in September  in each year.No tax levied as provided under this Section shall be invalid by reason  of the fact that any step required for such a levy under this Section was  taken before October 1, 1976 if such required step was taken on or after  August 12, 1976.    (Source: P.A. 87-767.)