People ex rel. Oaks v. Central Illinois Light Co.

Central Illinois Light Company (CILCO) appeals from the judgment of the circuit court of Fulton County, denying its objections to taxes levied for the years 1981 through 1985 by the school board of Canton Union School District No. 66 (the district). The first of CILCO’s objections contends that the district, in abolishing and recreating its working cash fund, exceeded tax rate limitations of the School Code (the Code) (Ill. Rev. Stat. 1981, ch. 122, par. 1 — 1 et seq.). The second of its objections contends that the district exceeded taxing limitations by its adoption of a supplemental…