Statement of Economic Interest
What is a Statement of Economic Interest?
Statements of Economic Interest are disclosure forms for public officials, candidates for public office and certain other public employees.
Statements of Economic Interest are disclosure forms for public officials, candidates for public office and certain other public employees. Filers must list specific information about their business dealings, outside income and other information. Those required to file must file with the County Clerk annually, no later than May 1.
Who must file a Statement of Economic Interest?
Examples of those individuals in a unit of local government who must file a statement of economic interest are below. (Illinois Governmental Ethics Act, 5 ILCS 420):
Person who are elected to office in a unit of local government, and candidates for nomination or election to that office, including regional superintendents of school districts.
Persons appointed to the governing board of a unit of local government, or of a special district, and persons appointed to a zoning board, or zoning board of appeals, or to a regional, county, or municipal plan commission, or to a board of review of any county, and persons appointed to a board or commission of a unit of local government who have authority to authorize the expenditure of public funds. This subsection does not apply to members of board of commissions who function in an advisory capacity.
Person who are employed by a unit of local government and are compensated for services as employees and not as independent contractors and who:
- Are, or function as, the head of a department, division, bureau, authority or other administrative unit within the unit of local government, or who exercise similar authority within the unit of local government.
- Have direct supervisor authority over, or direct responsibility for the formulation, negotiation, issuance or execution of contracts entered into by the unit of local government in the amount of $1,000 or greater.
- Have authority to approve licenses and permits by the unit of local government; this item does not include employees who function in a ministerial capacity; adjudicate, arbitrate, or decide an judical or administrative proceeding with the authority of unit local government.
- Have authority to issue or promulgate rules and regulations within areas under the authority of the unit of local government.
- Have supervisory responsibility for 20 or more employees of the unit of local government.
- Are employed by a school district in positions that require that person to hold an administrative or a chief school business offical endorsement.
How do you view a Statement of Economic Interest?
Statements of Economic Interest are open to the public during normal business hours at the County Clerk’s office.