55 ILCS 5/5-31014
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 5 - Powers And Duties Of County Boards

 (from Ch. 34, par. 5-31014)Sec. 5-31014.     Finance.     The fiscal year of each museum  district shall commence July 1 and extend through the following June 30.The board of each museum district shall, on or before the second  Tuesday in September of each year, adopt a combined annual budget and  appropriation ordinance as provided in The Illinois Municipal Budget Law.Except as otherwise provided in this Division, a museum  district may annually levy taxes at the following rates and for the  following purposes upon the value of the taxable property within the museum  district as equalized or assessed by the Department of Revenue:(a) .01% for the general purposes of the museum district,  including acquisition and development of real property which may be in excess  of current requirements and allowed to accumulate from year to year,  to not more than .05% of the equalized assessed value of property within  the museum district.(b) .01% for acquisition of historic properties both real and personal  which may be in excess of current requirements and allowed to accumulate  from year to year, to not more than .10% of the equalized assessed value of  the property within the museum district.  However, this levy may be used  also for the development of real property and for the general purposes of  the museum district.Unless otherwise provided by law, a museum district may  not levy annual taxes for all its purposes in the aggregate in excess of  .02% of the value, as equalized or assessed by the Department of Revenue,  of the taxable property therein.After the adoption of the appropriation ordinance and on or before the  second Tuesday in September of each year, the board shall ascertain the  total amount of the appropriations which are to be provided  from tax levies for the current year.  Then, by an ordinance specifying  in detail the purposes for which such appropriations have been made and  the amounts appropriated for such purposes, the board shall levy  upon the taxable property within the museum district a tax the proceeds of  which shall not exceed the amount so ascertained.  A certified copy of such  ordinance shall be filed on or before the first Tuesday in October with the  clerk of each county within the museum district.However, if the museum district has levied such tax at a rate lower  than the maximum rate set forth in this Section, the board of trustees may  increase the rate of the tax, but not exceeding such maximum rate, by following the  procedures set forth above in this Section and then by certifying the  proposition of such increase to the proper election officials for  submission to the voters of the museum district at a regular election in  accordance with the general election law.  The proposition shall be in  substantially the following form:    --------------------------------------------------------------Shall the maximum rateof the tax levied by the County            YESHistorical Museum Districtfor the purposes provided by the       -----------------------County Historical Museum DistrictLaw be increased from .......              NOto .......(not to exceed .02%)?--------------------------------------------------------------If a majority of all the votes cast upon the proposition are in favor  thereof, the board of trustees may levy the tax at a rate not to exceed the  rate set forth in this Section.    (Source: P.A. 86-962.)