Public hearing on establishment of Special Service Area No. 76-2024, imposition of tax levy, approval of year 2025 budget and execution of service provider agreement

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Chicago's City Council and its Committee on Economic, Capital and Technology Development are considering the establishment of Special Service Area Number 76-2024, along Michigan Avenue, and a Services Tax. The tax, details on the Chicago City Clerk's website, is proposed to be 0.050 percent of the equalized assessed value of non-residential properties, expected to raise $1,059,119 in 2024 for 'Special Services'. A notice of the hearing will be published 15 days prior. If 51% of electors and landowners object within 60 days of the hearing's final adjournment, the Area and tax will not be created.

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