IL SB3252

Establishes graduated maximum tax rates for unit districts formed from merging elementary and high school districts when the combined prior rate exceeds 4.00% for educational purposes: 6.40% (year 1), 5.80% (year 2), 5.20% (year 3), 4.60% (year 4), and 4.00% (year 5 and thereafter).

Establishes graduated maximum tax rates for unit districts formed from merging elementary and high school districts when the combined prior rate exceeds 0.75% for operations and maintenance purposes: 1.03% (year 1), 0.96% (year 2), 0.89% (year 3), 0.82% (year 4), and 0.75% (year 5 and thereafter).

Applies these new rate structures only to unit districts established on or after the effective date of this act under Article 11E of the School Code.

Maintains existing tax rate caps for non-merged districts: 3.5% for grades 1-8 or 9-12 districts and 4.00% for grades 1-12 districts for educational purposes; 0.55% for grades 1-8 or 9-12 districts and 0.75% for grades 1-12 districts for operations and maintenance.