Illinois Senate Bill SB2164

Illinois 2023-2024 Regular Session

• Introduced: 2/10/23
• Refer: 2/10/23
• Refer: 3/21/23
• Refer: 3/31/23

Caption

BUSINESS IMPROVEMENT DISTRICTS

Impact

This legislation aims to rejuvenate business areas by allowing districts to levy charges on property owners for enhancements that provide direct benefits. By enabling funding for activities such as event promotion, sanitation, and security services, the bill seeks to create more inviting and economically vibrant districts. The financial mechanisms described in the bill include the issuance of bonds and the collection of district charges, which provide a practical means to finance improvements without reliance on traditional tax revenue.

Summary

SB2164 introduces the Business Improvement District Law, which facilitates the establishment of business improvement districts (BIDs) within counties or municipalities in Illinois. This law allows local governments to form BIDs by ordinance, contingent upon petitions from property owners or business owners alongside the creation of a district plan and demonstrations of public notice and hearings. The law outlines the governance structure, which includes contracting with a district management association to implement district activities and improvements, enhancing the local economy and community welfare.

Contention

Notable aspects of the legislation include its limitations on home rule powers, which could spark debate among local governments regarding their capacity to self-govern. Critics may argue that limiting home rule could stifle local initiatives aimed at addressing unique community needs. Supporters, however, assert that a standardized approach will foster equitable growth across different jurisdictions, preventing fragmentation in business support services. This balance between local autonomy and statewide consistency reflects the ongoing discussion surrounding governance in local economic development initiatives.