JOLIET – The public hearing for the proposed expansion of a downtown business property tax will be Tuesday.
The city wants to expand the Special Service Area that covers downtown Joliet to the commercial districts on Cass, Collins and South Chicago streets. The tax amounts to 95 cents per $100 of assessed valuation on business property, which city officials said would be an 8.6 percent increase. The city plans to use revenue from the expanded Special Service Area for projects downtown and in the surrounding corridors, Deputy City Manager Steve Jones said. One proposed use is to install artificial turf at Silver Cross Field.
“I think the key is the money will be used in the Special Service Area,” Jones said. “The money will go for economic development and corridor improvements.”
The city on Oct. 5 mailed notices of the hearing to more than 600 businesses in the proposed Special Service Area.
The hearing will take place during the City Council meeting, which starts at 6:30 p.m. in the council chambers at City Hall. The Special Service Area also is on the agenda for discussion at the council’s workshop meeting at 5:30 p.m. Monday.