PROP TX-MANDATES House SponsorsRep. John Egofske 1/7/2025HouseSession Sine Die 35 ILCS 200/18-184.25 new Amends the Property Tax Code. Provides that each taxing district shall continuously monitor its cash and cash-equivalent assets. Provides that if, on the last day of the taxing district's fiscal year, the taxing district has an amount in cash or cash-equivalent assets that is more than 5 times its average annual revenue from all sources for the 3 immediately preceding calendar years, then the taxing district shall review its property tax levy and extension with the goal of granting an abatement to its taxpayers. Provides for notification to taxpayers. 5/10/2023HouseFiled with the Clerk by Rep. John Egofske 5/10/2023HouseFirst Reading 5/10/2023HouseReferred to Rules Committee 1/7/2025HouseSession Sine Die