“Burr Ridge is probably going to lose approximately $1.6 million dollars in sales tax and revenue and place of eating taxes,” Mayor Gary Grasso said. In a village with a budget of $8 million, that is no small chunk of change. Thus, Grasso and other DuPage County leaders are drafting their own plans to reopen ahead of the state’s schedule.
Sales taxes will be depressed for a long time. Cities and towns are toast when it comes to this. Some people might frequent retail and some small businesses but that’s going to be depressed for a while. They’re going to have to cut, cut, cut. Like I said in earlier posts, the cities that rely on sales taxes are going to be hit the most, while sleepy bedroom communities overly reliant on property taxes will fare much better, albeit with significant pressure from homeowners to lower property taxes.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Sales taxes will be depressed for a long time. Cities and towns are toast when it comes to this. Some people might frequent retail and some small businesses but that’s going to be depressed for a while. They’re going to have to cut, cut, cut. Like I said in earlier posts, the cities that rely on sales taxes are going to be hit the most, while sleepy bedroom communities overly reliant on property taxes will fare much better, albeit with significant pressure from homeowners to lower property taxes.
I hope these towns and cities do open up.
Same. I also hope fat boy tries to stop it and makes international news again.