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An Act concerning local government, specifically focused on the establishment of a prepaid wireless 9-1-1 surcharge to fund effective 9-1-1 systems in Illinois.
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Public Act 097-0463 is a legislative act in Illinois aimed at improving transparency and accountability in government spending, particularly related to tax increment financing (TIF) districts.
Local governments that utilize tax increment financing (TIF) are required to file under Public Act 097-0463.
To fill out Public Act 097-0463, the local governments must provide specific financial details, including revenue and expenses of TIF districts, and submit the form by the required deadline to the appropriate state agency.
The purpose of Public Act 097-0463 is to ensure that local governments provide accurate and comprehensive information about TIF expenditures and revenue to enhance public understanding and oversight.
The information required includes total property tax revenues, expenditures for each TIF district, outstanding obligations, and a summary of activities undertaken in connection with the TIF districts.
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