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Illinois offers cities and other local governments a few methods to borrow funds
without voter
approval (e.g. debt certificates). Certain types of bonds, such as
Alternate Revenue Source Bonds, that are secured by a property tax levy are subject to "backdoor referendum." Bonds that are subject
to backdoor referendum do not require voter approval unless a petition is signed
by a specified number of registered voters during a specified 30 day period.
Bond issues requiring voter
approval must obtain a simple majority vote for passage.
There are only four days during any two year
period in which a
referendum may be held. The resolution or ordinance calling for the election
must be adopted not less than 79 days prior to the election date. Dates for elections in the years 2013 and
2014 are as follows:
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2013
Consolidated Primary - February 26, 2013 |
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2013
Consolidated Election - April 9, 2013 |
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2014
Primary Election - March 18, 2014 |
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2014
General Election - November 4, 2014 |
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