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Lombard finance committee backs ordinance to repurpose 1% non-home sales tax for public safety buildings
Summary
Trustee Dan (first name only in transcript), reporting for the Finance Committee, said the committee "unanimously voted to recommend that the village board approve the proposed change to suspend the current restricted 1% non home sales tax and adopt a new ordinance to implement a broader use 1% non home real sales tax."
Trustee Dan (first name only in transcript), reporting for the Finance Committee, said the committee "unanimously voted to recommend that the village board approve the proposed change to suspend the current restricted 1% non home sales tax and adopt a new ordinance to implement a broader use 1% non home real sales tax." The committee did not propose an increase in the overall sales tax rate, he said, but would change how the existing 1% may be used.
The recommendation aims to allow the village to use that 1% of sales tax revenue to fund new public safety buildings and "reduce future debt payments," Trustee Dan said. The committee also…
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