Non-Home Rule Sales Tax Referendum
On the March 17, 2020 Presidential Primary Ballot, the residents of the Village of Libertyville will have the opportunity to answer a question regarding imposing a local sales tax of 1%. The tax is equivalent to a penny per dollar on general merchandise. The local sales tax would NOT apply to medicines, titled goods, such as cars and trailers, and most groceries. If approved by voters, the additional sales tax is projected to generate approximately $2,000,000 in new revenue annually after the repeal of the Places for Eating tax.
As a non-home rule government, the Village is required to obtain voter approval to implement this local sales tax. If approved, an Ordinance imposing the tax would be adopted and the sales tax would go into effect on July 1, 2020.
The Village requires the revenue from a local sales tax to offset a nearly $2,500,000 annual capital improvement deficiency for roads, sidewalks, streetlights, parking lots, parks, facilities, and technology. Furthermore, the Village is preparing to establish a stormwater utility in order to construct projects identified in the Master Stormwater Management Plan. A portion of the revenues from a local sales tax may be used to provide an initial funding source for the stormwater utility.
Village Publications Associated with Local Sales Tax Revenue UtilizationThe Village of Libertyville Capital Improvement Plan (CIP) is a multiyear plan covering a ten year period that helps the Village budget for and schedule necessary capital improvement projects.
The Village-wide Master Stormwater Management Plan (MSWMP) includes a variety of proposed flood reduction projects.