110 Larkin LLC et al. v. Weber, 2023 IL App (3d) 210606 arose from a tax rate objection in which the Plaintiffs alleged that the Woodridge Park District (WPD) imposed an unlawful levy in 2017 that resulted in an illegal excess accumulation in its corporate sub-fund. The Plaintiffs asserted that WPD levied $3,910,740 for “corporate purposes” in 2017. The Plaintiffs contended that this 2017 levy resulted in WPD’s “corporate sub-fund” containing 3.5 times the average annual expenditure of that specific fund.  Excess accumulation claims are analyzed by adding the fund’s balance at the beginning of the fiscal year and the…
Continue Reading Appellate Court Finds in Favor of Park District on Tax Objection by Reviewing General Fund Accumulations Rather than Corporate Sub-Fund