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Finance director previews levy and trustees move to proceed with 1% retailer/service tax ordinance language
Summary
Finance staff previewed a tax‑levy increase (3.4% levy seeking $956,000) and presented draft ordinance language to implement a 1% non‑home‑rule municipal retailer and service occupation tax; trustees moved to proceed with ordinance drafting and scheduled a formal vote later in the process.
Finance staff told trustees Oct. 7 the village’s tentative tax levy calculation would seek $956,000 from the county (a 3.4% increase) and estimated the average homeowner impact at roughly $20–$25 annually. The director also introduced draft ordinance language to implement a non‑home‑rule municipal retailer and municipal service occupation tax at 1%.
Trustees discussed timing and the practical effect: staff said revenues from a newly implemented tax would likely not be collected until Jan. 1, 2026, under current processing timelines. Trustees moved and seconded the item to proceed with the ordinance language and to prepare formal adoption steps; a roll call later recorded support for moving ahead. One trustee noted that the village would still remain below neighboring jurisdictions’ combined rates by about 1.5 percentage points.
Next steps: staff will return ordinance language and timing details at a subsequent meeting and the board will hold the required hearings/votes before any tax takes effect.
