Public hearing on increase in tax levy and extension of tax levy period from year 2024 through 2038 for Special Service Area No. 42 (71st Street/Stony Island)

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The Establishment Ordinance created Special Service Area Number 42, covering Stony Island Avenue, and authorized a Services Tax, extended through 2024 by the Levy Extension Ordinance. The tax, capped at 2% of property value, funds Special Services. The City Council's Committee on Economic, Capital and Technology Development will hold a public hearing on extending the Levy Period through 2038, with a proposed 2024 levy of $755,029.

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