HB4680 Summary

• Increases the combined maximum educational tax rate for unit school districts maintaining grades 1-12 from 4.0% to 7.0% of equalized assessed valuation.

• Increases the combined maximum operations and maintenance tax rate for unit school districts maintaining grades 1-12 from 0.75% to 1.10% of equalized assessed valuation.

• Applies these higher maximum rates to combined high school-unit districts and optional elementary unit districts created under Article 11E of the School Code.

• Removes sunset provisions from prior law that would have gradually reduced tax rate maximums for new unit districts formed from merged elementary and secondary districts.

• Maintains separate tax rate ceilings (3.5% for educational purposes, 0.55% for operations and maintenance) for districts serving only grades 1-8 or grades 9-12.