Professionals at Shanahan & Shanahan have served as bond counsel and underwriters counsel on special service area financings. These financings enable counties, cities, villages and towns to finance infrastructure improvements that are necessary to encourage or sustain economic development. The concept behind these financings is that the special benefits tax levied on property specifically benefitted by the improvements will be used to pay debt service on bonds issued to fund the special services in the area (i.e. the public infrastructure) rather than levying a tax throughout the unit to pay for those improvements as would be the case with general obligation bonds.