What is an SSA?

Special Service Areas (SSAs) are an economic development tool that brings businesses, property owners, and local organizations together to collectively decide how tax dollars can be spent locally to maintain and promote a shared business district. An SSA can fund goals that addresses common concerns and priorities.

How does an SSA work?

An SSA is funded by a dedicated property tax generated by participating business and property owners. They set the tax rate. Funds are then collected and used within the SSA to address needs and improvements. Business and property owners decide where to allocate funds and benefit from investment.

What is the proposed SSA #32 boundary?

SSA #32 follows 79th Street, generally from Lafayette Avenue to Damen Avenue. Click here for the proposed map.

What types of services can be implemented in an SSA?

Each SSA varies and prioritizes services depending on their unique geographic area. Common categories and program examples include the following:

How are services prioritized in an SSA?

SSA services are prioritized by the SSA Commission. Business and property owners know the neighborhood best and together communicate with the Commission to identify needs.

What is the cost of an SSA?

To fund services for SSA #32, the maximum rate would be lowered from 2% to 1.75%. The annual rate of 1.75% would be applied to all properties within the SSA and generate a budget of $382,000.

Example: A property with an Equalized Assessed Value (EAV) of $25,000 would pay $437 for the year ($25,000 x 1.75% = $437).