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Illinois Appellate Court Again Sides with School Districts on Working Cash Fund Bond Tax Rate Objections

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After a very difficult 2020, Illinois school districts received a well-deserved present on December 24 when the First District Illinois Appellate Court issued a decision rejecting a tax rate objection and upholding the legality of a property tax levy for repayment of working cash fund bonds when the bond proceeds were permanently transferred from a school district’s working cash fund to pay for the maintenance and repair of buildings....
By: Franczek P.C.

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