3-92-040  Merging and consolidating taxing districts; transfer of functions.
   If the City of Chicago merges or consolidates with one or more other taxing districts, the sum of the last preceding aggregate levies for each taxing district shall be combined for the resulting merged or consolidated taxing district. If a function performed by another taxing district is transferred to the city, then the portion of the transferor taxing district's most recent aggregate levy attributable to the transferred function shall be added to the city's aggregate levy for the year of the transfer. If a function performed by the city is transferred to another taxing district, then that part of the aggregate levy of the city attributable to the transferred function shall be deducted from the aggregate levy of the city for that year.
(Added Coun. J. 3-8-93, p. 29910)