IL HB4472

Amends the Cook County Forest Preserve Article of the Illinois Pension Code (40 ILCS 5/10-107) regarding financing and tax levy provisions.

Authorizes the forest preserve district to use other lawfully available funds in lieu of all or part of the required property tax levy for providing revenue to the pension fund.

Maintains existing tax levy limits and structure, with rates not exceeding specified percentages or dollar amounts depending on the year (ranging from .00103% or $195,000 for years prior to 1970 to variable rates based on employee contributions for 1972 and thereafter).

Preserves the requirement that tax proceeds be kept as a separate fund and remain exempt from county clerk limitations under general tax levy reduction provisions.

Allows the Board to establish manpower program reserves or special contribution rates for employees whose wages are funded under the Comprehensive Employment and Training Act of 1973.