IL HB0373

Amends the Illinois Local Library Act to modify Section 4-10 regarding financial reporting requirements for municipal library boards of trustees.

Removes requirement for library boards to include financial requirements and tax levy recommendations as part of the main annual fiscal year report.

Requires library boards to submit financial requirements and tax levy recommendations in a separate statement to local government bodies and the Illinois State Library at least 60 days before the tax levy certification deadline.

Maintains existing reporting requirements for itemized receipts, expenditures, collection statistics, property acquisitions, service extensions, fund accumulations, and outstanding liabilities.

Takes effect upon becoming law.