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SB 3002

PTELL-AGGREGATE EXTENSION

104th Regular Session Introduced by Suzy Glowiak Hilton

SB 3002 extends Illinois's property tax cap (PTELL) aggregate provisions, potentially limiting local government tax revenue growth while affecting taxpayer bills and public service funding.

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Bill Summary · SB 3002

Legislative bill overview

SB 3002 proposes to extend the Property Tax Extension Limitation Law (PTELL), Illinois's property tax cap mechanism that limits annual increases in tax extensions. The bill appears to modify or expand aggregate PTELL provisions, though specific amendments are not detailed in the action summary. This legislation directly affects how property taxes can increase statewide.

Why is this important

PTELL has been a central feature of Illinois property tax policy since 1991, affecting both taxpayers' tax bills and local government funding. Any modification to PTELL's aggregate provisions could significantly impact revenue availability for schools, municipalities, and special districts across Illinois, while also influencing property tax burden on homeowners and businesses.

Potential points of contention

  • Local government funding impact: Extending PTELL constraints could limit revenue growth for schools and municipal services that depend on property tax increases to meet budget needs
  • Taxpayer relief versus public services trade-off: Property tax caps benefit individual taxpayers but may constrain funding for police, fire, education, and infrastructure maintenance
  • Aggregate versus individual property protections: PTELL modifications at the aggregate level affect how the cap functions across all properties, potentially creating winners and losers among different property types and districts

Compiled from official sources — confirm details with the bill’s official record.

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