IL HB3311

Amends the Common Interest Community Association Act (765 ILCS 160/1-45) to lower the assessment increase cap from 115% to 105% of the preceding fiscal year's assessments.

Eliminates the ratification procedure that allowed members to petition for a meeting to reject budgets or assessments exceeding the threshold; the new 105% cap becomes an absolute prohibition rather than a trigger for member review.

Prohibits any adopted budget or separate assessment from resulting in total regular and separate assessments exceeding 105% of the previous fiscal year's amounts.

Maintains existing exemptions for emergency assessments and assessments mandated by law, which can still be adopted by the board without member approval.

Applies the stricter cap to all budgets and separate assessments adopted by common interest community association boards in Illinois.