IL HB1793

Requires school districts to mail a one-page fact sheet to all voting-age residents at least 30 days before a referendum on issuing bonds or increasing property tax rates

Informational material must describe the project for which bonds will be issued and estimated expenditures associated with any property tax rate increase

Must include estimates of how many years bonds will be outstanding and total debt service costs (principal, interest, and issuance costs)

Must show potential property tax impacts on a median-priced home in the district under both scenarios: if the referendum passes and if it fails

Applies to all Illinois school districts including Chicago Public Schools (Article 34); takes effect immediately upon becoming law