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City of Chicago Department of Law Internal AuditSpecial Service Area Financial and Accounting Guide November 2007City of Chicago Department of Law Internal Audit Special Service Area (SSA) Financial
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How to fill out special service area financing

01
Determine if your property is located within a special service area.
02
Contact the local municipality or government to obtain information on the financing options available.
03
Review the terms and conditions of the special service area financing to understand the requirements and repayment terms.
04
Fill out the necessary application forms and provide any required documentation.
05
Submit the completed application to the appropriate authority for approval.
06
Stay up to date on any payments and obligations associated with the special service area financing.

Who needs special service area financing?

01
Property owners within special service areas who require additional funding for infrastructure improvements or services such as street repairs, landscaping, or public amenities.
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Special service area financing is a mechanism used by municipalities to fund services, improvements, or infrastructure within a specific geographic area through a special tax levy on the properties within that area.
Property owners or developers within the designated special service area may be required to file special service area financing plans.
Special service area financing plans should be filled out according to the guidelines provided by the municipality or local government. This may include detailed information on the proposed services, improvements, budgets, and tax levies.
The purpose of special service area financing is to provide funding for specific services, improvements, or infrastructure within a defined area that benefits the properties within that area.
Information that must be reported on special service area financing plans may include proposed services, improvements, budgets, tax levies, and the boundaries of the special service area.
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