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Finance committee discusses building permit shortfalls and shift from local use tax to destination-based sales tax
Summary
During the Finance Committee meeting trustees and staff discussed that building-permit revenues are below budget and that online sales taxation has permanently shifted from local use tax to destination-based sales tax, affecting revenue administration. Staff said Hoffman Estates is currently netting positive between sales-tax sources but cautioned
Finance staff and trustees discussed building-permit revenue shortfalls and a permanent tax-shift during the Oct. 27 Finance Committee meeting.
Trustee asked about the department's building-permit revenue goals for the year; Finance staff (identified in the transcript as Rachel) said timing of…
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