SCH CD-ENERGY TAX LEVY

Amends the Property Tax Code and the School Code. Provides that if the utility costs in any given fiscal year of a school district other than the Chicago school district are estimated to exceed by at least 20% the average annual utility costs for the 3 preceding fiscal years, the school board may levy an energy tax sufficient to produce, when extended, the amount by which the district's estimated utility costs for the fiscal year exceed 120% of the average annual utility costs for the 3 preceding fiscal years. Excludes extensions made pursuant to these provisions from the definition of aggregate extension under the Property Tax Extension Limitation Law.