Are property taxes and sales tax the only sources of revenue for the Village?

No; while property taxes are the largest source of revenue, the Village also receives sales tax and a share of the state income tax. However, municipalities’ share of the state income tax in Illinois has been greatly reduced since 2011. That year Illinois first cut the distribution of the local share of the state income tax from 10% and eventually down to as low as 5% to fill a void in the State budget, and municipalities have been lobbying to restore this share ever since. For more information on this change, please visit the Illinois Municipal League website here

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1. Where does the Village get its money to provide services to residents and businesses?
2. I’m new to Flossmoor. Why do property taxes seem so high?
3. My annual property taxes are almost $12,000. Where do the taxes go?
4. Are property taxes and sales tax the only sources of revenue for the Village?
5. How are my tax dollars managed by the Village?
6. I notice quite a bit of street construction and sidewalk replacement. Do my property taxes pay for this work?
7. In light of these capital projects, what was the initial impact on my property taxes?
8. While I’m glad to see efforts to improve infrastructure, will my property taxes be higher?
9. How is the amount I pay in property taxes determined?
10. How does the Village save taxpayers money when its infrastructure projects are paid for in cash without borrowing and incurring debt?
11. How else does being a non-home rule municipality impact borrowing costs?
12. What is the current outlook for the Village’s finances?
13. Doesn’t the Village have reserves that can be used to defray these additional costs and projects?
14. How can I more closely follow the Village’s expenditures?