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Gurnee staff preview tax‑generation report and say proactive redevelopment strategy will follow
Summary
Finance and planning staff described a draft report to map where the village’s major tax streams are generated and outlined a more proactive approach to redevelopment and business retention, including potential incentives and zoning adjustments.
Village finance and community development staff told the Board Committee of the Whole on Oct. 27 that they have a draft fiscal‑growth and redevelopment report that will map where major taxes (sales, hotel, food & beverage, amusement) are generated and provide a basis for measuring diversification and vulnerability.
Finance staff said the draft covers geographic tax‑generation patterns and aims to produce an annual reproducible report; Department of Revenue confidentiality rules require staff review before public release.…
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