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Attorney outlines state sales‑tax changes and a proposed recapture plan tied to water‑line expansion
Summary
Village attorney summarized a State of Illinois change to sales‑tax rules and described a proposed recapture agreement to offset a $560,000 water‑line extension; the board agreed to pursue an intergovernmental agreement and adopted a 3% inflation assumption for the recapture charge.
Attorney Jim Stevens told trustees the State of Illinois is changing sales‑tax rules and that any local option to charge an additional percentage requires ordinance action and specific timing. He explained an ordinance would need to be passed by April 1 to take effect Oct. 1 of the same year, though the board was told such an increase could be considered at a later date as well.
Stevens also summarized a recapture option tied to a proposed $560,000 water‑line extension that would serve a basin of roughly 1,368 acres. Using the initial figures discussed, the attorney said recouping the extension costs by charging landowners would amount to about $410 per acre absent inflation adjustments; trustees discussed adding a 3% inflation rate to the per‑acre charge and asked Stevens to begin intergovernmental outreach with the county.
The board took no final vote on a sales‑tax ordinance at the meeting but asked for additional information and for the attorney to continue discussions on the recapture mechanism and county coordination.
