The Burr Ridge Village Board of Trustees passed its Fiscal Year 2025 budget Monday.
After several months of hammering out minor details, the Burr Ridge Village Board of Trustees passed its Fiscal Year 2025 budget Monday.
The expenses are projected to total $12,194,874 while revenue is projected to be just above that at $12,197,079. The budget year begins May 1 and will run through April 2025. That tax is a 1 % tax on all groceries that goes back to the community, and while Burr Ridge Mayor Gary Grasso has agreed with the governor that the tax is regressive — meaning the flat tax hits harder families with less income — village leaders will be left to fill the shortfall unless the state can offset the tax payments from some other source. For example, the Illinois Municipal League urges the state to give back more income tax revenue to local villages to offset the loss.
Either way, doing away with the tax has proven to be a popular idea among Democrats and Republicans in Springfield, so policy experts assume it will end.
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