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Staff member reports mixed revenue picture, first grocery-tax payment in March financial update
Summary
Staff presented the March treasurer's report, flagging timing shifts in property-tax receipts that mask a year-over-year decline and noting a first grocery-tax installment of $6,665.34; overall sales and state-income tax receipts were near target and reserves remain in place.
Staff presented the village's March treasurer's report, saying timing of property-tax disbursements complicated year-over-year comparisons and that the village received a first grocery-tax payment.
The report, delivered by the staff member responsible for finance, said the village recorded a $2,100,000 disbursement identified as the 2025 second installment but that, when prior-year timing is removed, collections are lower by about $3,100,000 (roughly 20.6% of that budget line). "In…
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