40 ILCS 5/7-171
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 7 - Illinois Municipal Retirement Fund

 (from Ch. 108 1/2, par. 7-171)Sec. 7-171. Finance; taxes.(a) Each municipality other than a school district shall  appropriate an amount sufficient to provide for the current  municipality contributions required by Section 7-172 of  this Article, for the fiscal year for which the appropriation is made  and all amounts due for municipal contributions for previous years.  Those municipalities which have been assessed an annual amount to  amortize its unfunded obligation, as provided in subparagraph 4 of  paragraph (a) of Section 7-172 of this Article, shall include in the  appropriation an amount sufficient to pay the amount assessed.  The  appropriation shall be based upon an estimate of assets available for  municipality contributions and liabilities therefor for the fiscal year  for which appropriations are to be made, including funds available from  levies for this purpose in prior years.(b) For the purpose of providing monies for municipality  contributions, beginning for the year in which a municipality is  included in this fund:(1) A municipality other than a school district may     levy a tax which shall not exceed the amount appropriated for municipality contributions.(2) A school district may levy a tax in an amount     reasonably calculated at the time of the levy to provide for the municipality contributions required under Section 7-172 of this Article for the fiscal years for which revenues from the levy will be received and all amounts due for municipal contributions for previous years.  Any levy adopted before the effective date of this amendatory Act of 1995 by a school district shall be considered valid and authorized to the extent that the amount was reasonably calculated at the time of the levy to provide for the municipality contributions required under Section 7-172 for the fiscal years for which revenues from the levy will be received and all amounts due for municipal contributions for previous years. In no event shall a budget adopted by a school district limit a levy of that school district adopted under this Section.(c) Any county which is served by a regional office of education that  serves 2 or more  counties may include in its  appropriation an amount sufficient to provide its proportionate share of the  municipality contributions for that regional office of education.  The tax levy authorized by this Section may include an amount  necessary to provide monies for this contribution.(d) Any county that is a part of a multiple-county health department  or consolidated health department which is formed under "An Act in  relation to the establishment and maintenance of county and  multiple-county public health departments", approved July 9, 1943, as  amended, and which is a participating instrumentality may include in the  county's appropriation an amount sufficient to provide its proportionate  share of municipality contributions of the department.  The tax levy  authorized by this Section may include the amount necessary to provide  monies for this contribution.(d-5) A school district participating in a special education joint  agreement created under Section 10-22.31 of the School Code that is a  participating instrumentality may include in the school district's  tax levy under this Section an amount sufficient to provide its  proportionate share of the municipality contributions for current and prior  service by employees of the participating instrumentality created under the  joint agreement.(e) Such tax shall be levied and collected in like manner, with the  general taxes of the municipality and shall be in addition to all other  taxes which the municipality is now or may hereafter be authorized to  levy upon all taxable property therein, and shall be exclusive of and in  addition to the amount of tax levied for general purposes under Section  8-3-1 of the "Illinois Municipal Code", approved May 29, 1961, as  amended, or under any other law or laws which may limit the amount of  tax which the municipality may levy for general purposes.  The tax may  be levied by the governing body of the municipality without being  authorized as being additional to all other taxes by a vote of the  people of the municipality.(f) The county clerk of the county in which any such municipality is  located, in reducing tax levies shall not consider any such tax as a  part of the general tax levy for municipality purposes, and shall not  include the same in the limitation of any other tax rate which may be  extended.(g) The amount of the tax to be levied in any year shall, within the  limits herein prescribed, be determined by the governing body of the  respective municipality.(h) The revenue derived from any such tax levy shall be used only  for the contributions required under Section 7-172 and, as collected, shall be  paid to the treasurer of the municipality levying the tax.  Monies  received by a county treasurer for use in making contributions to a regional  office of education for its  municipality contributions shall be held by him for that purpose and paid to  the regional office of education in the same manner as other  monies appropriated for the expense of the regional office.  (Source: P.A. 96-1084, eff. 7-16-10; 97-933, eff. 8-10-12.)