The bill is designed to promote economic revitalization and maintenance of business districts, aiming to create jobs, attract new businesses, retain existing ones, and improve safety which can lead to increased investments. This has broader implications for state laws related to zoning, property taxes, and local governance by imposing requirements and limits on how local governments can create and manage these districts. It also clarifies the use of funds gathered through district charges, ensuring they are used only for district-related activities and improvements rather than general municipal services.
Summary
House Bill 3303 establishes the Business Improvement District Law, allowing counties and municipalities in Illinois to create business improvement districts (BIDs) through an ordinance after a petition from a certain percentage of property owners or business owners. The bill outlines the process for creating a district plan, which must include details such as district boundaries, proposed activities, and methods of funding. Each district may impose charges on property owners within the district to fund improvements and services aimed at enhancing the economic vitality of those areas.
Contention
Concerns may arise regarding the potential limitations on local government powers as the bill restricts the concurrent exercise of home rule powers. Critics could argue that this undermines local autonomy, as BIDs would require substantial planning and compliance measures dictated by state law. Additionally, there might be debates about the equity of property assessments required to establish and maintain these districts, particularly concerning how benefits are distributed among property owners and whether some properties are unfairly burdened.
Multijurisdictional business improvement districts, annual reports for neighborhood improvement districts, and certain notifications for neighborhood improvement districts and business improvement districts. (FE)
AN ACT to amend Tennessee Code Annotated, Title 7, Chapter 84; Title 9, Chapter 21; Title 66, Chapter 5 and Title 67, relative to residential infrastructure development districts.
AN ACT to amend Tennessee Code Annotated, Title 7, Chapter 84; Title 9, Chapter 21; Title 66, Chapter 5 and Title 67, relative to residential infrastructure development districts.
AN ACT to amend Tennessee Code Annotated, Title 7; Title 9; Title 12; Title 13; Title 66; Title 67 and Title 68, relative to infrastructure development districts.
AN ACT to amend Tennessee Code Annotated, Title 7; Title 9; Title 12; Title 13; Title 66; Title 67 and Title 68, relative to infrastructure development districts.