SB2658 amends the Downstate Public Transportation Act to adjust funding allocations to the Downstate Public Transportation Fund.
SB2658 amends the Downstate Public Transportation Act by changing the amount paid into the Downstate Public Transportation Fund from certain tax revenues. Specifically, it increases the amount from 3/32 of 80% to 3/32 of 100% of the net revenue realized from specified tax acts within Madison, Monroe, and St. Clair Counties. The bill also adjusts the percentages for different fiscal years and modifies the local match requirements. Effective immediately upon becoming law, the changes aim to ensure consistent and adequate funding for public transportation services in downstate Illinois.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.