CITY COUNCIL AGENDA ITEM
ACTION REQUESTED:
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Receive the estimated 2026 property tax levies for special service area numbers 23, 25, 30, 31, 34, 35, and 36 and schedule a public hearing for December 15, 2026
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DEPARTMENT: Finance Department
SUBMITTED BY: Traci Marrocco, Interim Finance Director
BOARD/COMMISSION REVIEW:
N/A
BACKGROUND:
If an estimated special service area (SSA) property tax levy is more than 105% of the tax amount extended for that special service area in the preceding year in any year other than the initial year of the SSA, state statute (35 ILCS 200/27-75) requires notice, compliant with the Open Meetings Act, be given and a public hearing held on reasons for the increase.
This agenda item includes the estimated levy for each of the City’s SSAs that will levy taxes in 2026 for the purpose of determining whether a public hearing is required for any of the SSAs.
DISCUSSION:
The City has seven SSAs that will levy taxes in support of the proposed 2027 annual budget. The chart below compares the final 2025 property tax extension and the estimated 2026 property tax levy for each of the SSAs.
Purpose
2025 Final Extension
2026 Estimated Levy
% Change
SSA #23 (Naper Main)
98,940
98,939
0.0%
SSA #25 (Lacrosse Lane)
68,006
31,165
-54.2%
SSA #30 (Downtown Streetscape)
95,620
93,111
-2.6%
SSA #31 (Downtown Streetscape)
24,881
23,680
-4.8%
SSA #34 (Downtown Streetscape)
20,368
20,026
-1.7%
SSA #35 (Downtown Streetscape)
125,016
125,000
0.0%
SSA #36 (Downtown Maint. & Marketing)
1,259,779
1,423,489
13.0%
One of the SSAs is estimated to levy more than 105% of the prior year’s extension, therefore, public notice and hearing is required. Additional details on the amount requested for each levy are provided below.
SSA #23 - Main Street Promenade
The 2026 levy recommendation is $98,939. The request is nearly flat from last year’s extension. This levy is utilized to provide a financing mechanism for ...
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