The Village is considering several consistent funding sources to support capital infrastructure projects. One option available to the Village, if approved by referendum, is a non-home rule infrastructure sales tax of up to 1% on tangible goods and prepared foods. A proposed 1% non-home rule sales tax would complement the existing 1% sales tax the Village currently collects. This tax revenue, along with a variety of other sources, would help pay for some of the cost of infrastructure projects and could be used to service the debt incurred for any future bonds issued (also if approved by referendum) for this purpose. Other funding sources for Village infrastructure projects include bonds, grants, loans, and other municipal financing.
The added 1% non-home rule sales tax would be paid by all retail shoppers in Western Springs, capturing revenue from non-residents who benefit from streets and other infrastructure while in the community. Consumers already pay this additional tax when shopping in many neighboring communities. The Board recently voted to include a referendum question regarding this sales tax on the ballot in November, and you can learn more and review the FAQs on the Finance page of the Village website.