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Spring Grove finance committee reviews FYE 2027 revenue outlook
Summary
Treasurer Witt told the committee that state tax receipts are up while state use tax, MFT, cannabis tax and replacement tax revenues lag; members noted a proposed reduction in sales tax revenue and discussed raising revenues via licenses and fines as they prepare the FYE 2027 budget.
Treasurer Witt outlined the village's revenue picture for the fiscal year ending 2027, saying state tax collections were up while state use tax, Motor Fuel Tax (MFT), cannabis tax and replacement tax revenues were down. The committee heard that a proposed reduction in sales tax revenue is expected to affect overall receipts and discussed options to boost income, including raising revenues from licenses and fines.
Chairperson Bob McMahon and committee members asked questions about the sources of the shortfall and the potential timing of any adjustments. Members agreed to review the figures and the staff-provided revenue breakdown ahead of further budget deliberations. No formal budget adoption occurred at the Feb. 24 meeting; the committee scheduled additional internal review as part of FYE 2027 preparation.
