Taxes, Landscaping and Building Codes: Village Board Talks Long-Term Priorities
Frankfort's mayor and trustees discussed plans for the coming fiscal year during the annual meeting of the Committee of the Whole.
Frankfort’s mayor and village trustees brought their ideas to the table on Tuesday evening in a discussion about village priorities for the upcoming fiscal year during the annual meeting of the Committee of the Whole. Mayor Jim Holland suggested that the village consider a one percent sales tax increase with a residential rebate based on property tax paid. The increase, which would require a referendum, would alleviate the tax burden off of residents and transfer it onto people who shop in the village. “It will be controversial, simply because of the fact that it’s, one way or another, adding tax,” said Trustee Kevin Egan. Holland felt that it wouldn’t be practical for the village to take action on the increase for at least a year. If the …
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