Village of Oswego to Consider Motor Fuel, Sales Tax Increases
Jan 16, 2015 01:22PM ● Published by Steven Jack
Trustees will vote on a possible .50 percent increase to the village's home rules sales tax and a 4 cents per gallon tax to be used to help fund the repair and upkeep of village streets and a potential new police station.
Public Works Director Jennifer Hughes told trustees in December village streets will need up to $3 million in annual repairs in the coming years, and more money is needed to fund those repairs. Typically the village spends about $1 million annually in road repairs with about half of those funds coming from the current motor fuel tax reimbursement from the state of Illinois.
In a memo to trustees, Hughes suggests using half of the proposed sales tax increase to fund preliminary architecture plans for a proposed new police station. Trustees have discussed in recent months the need for a new station as the village continues to grow.
The proposed station, which could cost more than $20 million, would likely be located in a proposed public safety campus adjacent to Fire Station 1 off Woolley Road. Hughes also suggested putting aside money from the sales tax increase to help pay off future debt if and when the station is built.
Tuesday night's vote is the second time in a year that trustees have been asked to approve tax increases in the village. Two April votes for similar hikes failed in 4-3 votes.