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Shorewood keeps local grocery tax to preserve about $600,000 in revenue
Summary
The board approved an ordinance continuing the local municipal grocery retailers/service occupation tax so the village can retain roughly $600,000 annually after a statewide repeal; staff said the village must file with the Department of Revenue before Oct. 1 to avoid a lapse.
Finance staff presented the second read of an ordinance to continue the municipal grocery retailers and grocery service occupation taxes following a state law change that repealed the statewide 1% grocery tax.
"The village is reliant on this grocery tax. It is it is it does collect about over $600,000 a year for us," Ms. Burkholder said, and staff explained the village must submit the ordinance to the Department of Revenue before Oct. 1 to avoid a lapse in collections. The FY26 budget had been prepared assuming continuation of the revenue stream. Trustees approved the ordinance on a roll-call vote.
Staff said many nearby municipalities were taking the same step this summer to preserve local revenue after the state's change.
