SB3844

SB3844 amends the Property Tax Extension Limitation Law to adjust aggregate extension bases and establish debt service extension bases for certain.

SB3844 amends the Property Tax Extension Limitation Law to adjust the aggregate extension base for certain taxing districts, including those in Cook County. It specifies that for levy year 2012, the aggregate extension base for West Northfield School District No. 31 shall be $12,654,592, and for levy year 2022, the taxing district's aggregate extension base shall be $19,535,377. The bill also allows taxing districts to establish or increase their debt service extension base through a referendum, with specific provisions for calculating and adjusting these bases.