COOK CTY-LOC GOV PAYMENTS Senate SponsorsSen. Kimberly A. Lightford 2/17/2026SenateAssigned to Revenue 55 ILCS 5/5-1195 newAmends the Counties Code. Provides that, if Cook County is delinquent in distributing property tax proceeds to taxing districts the proceeds of property taxes imposed by the taxing districts that Cook County is required to collect from taxpayers and distribute to the taxing districts, then Cook County shall reimburse the taxing districts for (i) the interest that the taxing districts would have earned from keeping the proceeds of property taxes in reserves and (ii) the interest that taxing districts paid on debts incurred because Cook County is delinquent in distributing property tax proceeds to taxing districts. 2/5/2026SenateFiled with Secretary by Sen. Kimberly A. Lightford 2/5/2026SenateFirst Reading 2/5/2026SenateReferred to Assignments 2/17/2026SenateAssigned to Revenue 3/13/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026