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Board approves municipal grocery tax to replace statewide removal, estimates $35,000$45,000 annual revenue
Summary
Trustees voted 5-0 on June 12 to enact a municipal grocery tax to replace revenue lost under the state's elimination of the statewide grocery tax; village staff estimated the change will yield roughly $35,000 to $45,000 annually.
The Village of Indian Head Park approved an ordinance on June 12 to adopt a municipal grocery tax intended to replace revenue the village will lose following elimination of the statewide grocery tax.
Staff told trustees the village expects roughly $35,000 to $45,000 in annual revenue from the local grocery tax, equivalent to roughly $10 per household annually in current estimates.
The administrator said the state will continue to collect the tax and remit the villages share; adopting the municipal tax is intended to preserve local funding for core services.
Vote: The board approved the ordinance by roll-call vote, 5-0.
Ending: Village staff said they will track revenue and present updates during budgeting cycles.
