IL HB2587

Amends the Tax Increment Allocation Redevelopment Act to allow affected school districts to file objections with the State Board of Education within 30 days after a public hearing on TIF district establishment.

School districts may object on grounds that the redevelopment project area does not meet designation criteria under the TIF statute.

School districts may object alleging that property tax revenue after TIF establishment will be insufficient to meet their constitutional obligation to provide high-quality public education under Section 1 of Article X of the Illinois Constitution.

If the State Board of Education finds in favor of the school district, the redevelopment project area establishment cannot proceed.

The State Board of Education's decision is considered final and subject to administrative review under the Administrative Review Law.