CHICAGO -- Some governments in suburban Chicago are making a last-minute dash for approval to issue bonds before a law to cap property taxes takes effect Oct. 1 and sets up higher hurdles for issuance.

The state law limits annaul property tax collection increases by non-home-rule governments to 5% or the rate of inflation, whichever is less. It will also require the affected governments to get voter approval before issuing bonds backed directly or indirectly by property tax revenues.

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