Topic:
Special service area
(Link, D-Lincolnshire; Cassidy, D-Chicago) makes three changes to the notice and hearing procedure for a proposed property tax levy in a special service area. (1) The notice must include the proposed amount of the tax levy for the initial year. (2) The public hearing may not be held less than 60 days after the adoption of the ordinance proposing a special service area. (3) Requires notice must be given and a hearing held on the reason for the increase if the estimated special service area tax levy is more than 105% of the amount extended for special service area purposes for the preceding levy year. Exempts the initial year of the tax levy. Passed both chambers.