The Village uses several sources of revenue to fund government operations. The largest source of revenue for the Village is Sales Tax, which accounts for 23% of the total revenue received. The revenue the Village receives is allocated in the following manner:
The Village allocates expenses in the following manner:
An additional 1% tax is collected on the purchase of prepared food and beverages, resulting in a total tax of 11% on these purchases. As of June 1, 2021 the prepared food and beverage tax was increased to 2%.
Click here for the monthly food and beverage tax return effective June 1, 2021
Click here for the monthly package liquor tax return effective June 1, 2021
Click here for the monthly motor fuel tax return
The Village’s natural gas and electricity utility tax rates are 5.15%. For more information regarding utility tax rebates for elderly and low income residents, click here.
The simplified municipal telecommunications tax rate is 13%, 6% of which is allocated to the Village and 7% is allocated to the State of Illinois.