Elgin’s Downtown Neighborhood Association presented to the council a plan that would levy a 1% property tax on 245 business properties in the city center.
The Daily Herald reports that DNA could then use the money for various services.
These include enhanced marketing, paying for garbage pickup, and possibly providing loans for small-scale improvement projects.
Residential, religious, and nonprofit properties would be exempt. If approved by a majority of downtown business owners and residents, the special service area would last five years and then be subject to renewal using the same process.