After weeks of deliberation, Naperville City Council has voted unanimously to establish a home rule sales tax in town to help eliminate debt and rebuild the city’s cash reserves.
The new ordinance was drafted by Councilman Kevin Coyne and will add a half percent sales tax on goods purchased in Naperville- excluding prescription drugs, cars and groceries.
But the tax will have a two-year sunset provision in place that will expire if the council agrees the budget is in order.
“I think that it’s going to work, we’re not going to get there as fast as I had hoped in terms of some of our goals, but we are going to get there and that’s the important thing,” said Mayor Steve Chirico.
Council also voted to increase the monthly refuse fees to residents to $12.35 a month, which will be displayed on residents utility bill- saving the City about $5 million a year.
The new sales tax will become effective January 1, 2016.
Tune into Naperville news 17 on Friday at 6 p.m. to hear from Councilman Coyne and those who opposed the new tax.
WANT TO STAY INFORMED?
Get daily news headline stories delivered right to your inbox!Sign Up Today!