In CommitteeFiled Feb 6, 2026
Sponsor: Travis Weaver (R)
Latest Action
Referred to Rules Committee
Feb 13, 2026
Summary
The bill establishes a new Education Property Tax Relief Fund to finance property‑tax relief grants for Illinois school districts beginning in fiscal year 2030. It also amends the Budget Stabilization Act to increase scheduled transfers to the Pension Stabilization Fund, with specific amounts and a termination date. The changes aim to ease local school tax burdens and strengthen pension funding.
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