SPRINGFIELD – The Illinois Municipal League (IML) issued the following statement in response to the State Fiscal Year (SFY) 2024 state budget which includes an increase to the Local Government Distributive Fund (LGDF), which is estimated to provide an additional $112 million annually to cities, villages and towns:
“The Local Government Distributive Fund is an important tool to help Illinois cities, villages and towns pay for services like mandated pension benefits, critical infrastructure repairs, public safety and other important programs. We are pleased that the General Assembly recognizes the importance of LGDF to Illinois communities, and has chosen to increase the LGDF rate from 6.16% to 6.47%. We appreciate the increase and we are hopeful that LGDF will be put on a more rapid path to full restoration of 10% of the state’s total income tax revenue. The Illinois Municipal League will continue to advocate on this issue until LGDF is fully restored,” said IML Executive Director Brad Cole.
ABOUT THE ILLINOIS MUNICIPAL LEAGUE
The Illinois Municipal League is the statewide association representing local communities throughout Illinois. Founded in 1913, IML has worked continuously for the benefit of all 1,295 municipalities in Illinois to provide a formal voice on matters involving common interests.