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Trustees defer decision on grocery tax revenues as part of general-fund planning
Summary
President Richard Samples and Treasurer Mindy Olson emphasized the grocery tax is not a new levy; trustees agreed to revisit whether to keep the revenue stream in the next meeting since it funds general (nonrestricted) items such as salaries and utilities.
President Richard Samples and Treasurer Mindy Olson discussed the grocery-tax item, which Olson stressed is not a new tax and would not increase residents' grocery taxes. Olson explained that revenue from the grocery tax flows into the village's general (nonrestricted) fund and supports salaries, utilities and maintenance; she warned that if trustees do not retain the revenue stream that money would be lost to the general fund.
Trustees were split in their preliminary views: Trustee Tom Jordan was in favor of keeping the tax; Trustees Paula Belobrajdic-Stewart and Steve Retzer expressed reservations. Trustee Michael Preston asked whether gaming revenue could make up shortfalls if the tax were not retained. The board agreed to add the grocery-tax item to the next meeting's action items for more discussion and a vote.
Speakers: President Richard Samples; Treasurer Mindy Olson; Trustee Tom Jordan; Trustee Michael Preston.
