Will County could see property tax relief under school funding bill
The recently passed public school funding measure, Senate Bill 1947, is slated to provide targeted property tax relief to certain sections of Illinois, including several school districts in Will County.
In Will County, researchers have identified Joliet Township High School District 204 as a potential property tax saver under SB1947.
Politicians took a hard route to the K-12 funding bill, which took shape over months of debate. An original bill, SB1, passed along along party lines after being decried by conservatives as a bailout for failing Chicago Public Schools, but was vetoed by Gov. Bruce Rauner.
Both chambers of the General Assembly approved SB1947 and it was signed into law by Gov. Bruce Rauner in late August. The law empowers residents of select districts to vote on property tax relief. However, the legislation opens up Cook County taxpayers to a property tax increase of up to $163 million, according to the Illinois Policy Institute.