Illinois Bond Elections


Illinois offers cities and other local governments a few methods to borrow funds without voter approval (e.g. debt certificates).  Bond issues that do not require taxes for repayment 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.  The resolution or ordinance calling for the election must be adopted not less than 65 day prior to the election date and must be filed with the election authorities not less than 61 days before the election.  There are only four days during any two year period in which a referendum may be held. Dates for upcoming elections in the years 2009 and 2010 are as follows:

2009 Consolidated Primary - February 24, 2009

2009 Consolidated Election - April 7, 2009

2010 Primary Election - February 2, 2010

2010 General Election - November 2, 2010


 

 

About WMFS

Background

Experience

Resume

Services

Resources

News

Site Map

Home

WM Financial Strategies
11710 Administration Drive
Suite 7
St. Louis, Missouri 63146
Phone (314) 423-2122
Fax (314) 432-2393
JHoward@munibondadvisor.com