SHELBYVILLE, IL. (ECWd) –
Shelby Township, the underlying reason for HB1896, just completed printing checks, stuffing envelopes, and mailing out those rebate checks to its approximately 2800 property parcel owners.
The total amount rebated by the Township was $735,461.94.
This is an average of $262.66 per property parcel.
State Representative Brad Halbrook and State Senator Chapin Rose sponsored HB1896, which changed the Township Code to set a cap on accumulated funds. Of those Legislators voting, it passed the House and Senate unanimously.
Sec. 85-65. Accumulation of funds. Township funds, excluding the township's capital fund, shall not exceed an amount equal to or greater than 2.5 times the annual average expenditure of the previous 3 fiscal years.
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