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Itasca board adopts FY2026 budget and OKs local grocery, non‑home rule sales tax ordinances

5855301 · May 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Trustee Patrick presented and the board approved the FY2026 budget and two ordinances to continue a municipal grocery tax and to raise the village’s non‑home rule sales tax from 0.5% to 1.0 under Public Act 103‑078.

Trustee Patrick, chair of the finance and operations committee, outlined May 20 the village's FY2026 budget process and presented three linked actions: final approval of the FY2026 budget, an ordinance to implement a municipal grocery retailer's occupation tax (continuing a tax that the state removed statewide but allowed municipalities to re‑establish), and an ordinance to expand the village's non‑home rule municipal retailer's occupation tax.

Patrick and village staff said the measures respond to longer‑term reductions in state Local Government Distributive Fund (LGDF) distributions to municipalities dating to…

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