Dear Business Owner,
On 11/16 at the joint meeting between the council and FAC, a 1% increase in DeKalb sales tax was added/included to the 2018 City of DeKalb proposed budget.
Were you aware of this 1% sales tax increase in the budget?
A committee of the whole meeting is scheduled for Tuesday November 21 at council chambers at 5:00 pm for public input on the proposed budget.
Business owners need to give input at the meeting on this proposed sales tax increase by speaking at the public comment section. All speakers need to do is fill out a simple speaker request form (available outside the chambers on a table) and hand into the city clerk.
Below is what the proposed 1% sales tax is to be used for:
The Transmittal Letter in the Proposed Budget document discussed the 1% increase in the Home Rule Sales Tax. This information is from page 12.
The Five-Year Financial Plan covered the need for additional funding to support streets and fleet services and to stabilize the General Fund. An emphasis has also placed an on critical public safety needs. Using the information gathered in the plan and taking feedback received by City Council and the Finance Advisory Committee, staff is recommending a 1.0% Home Rule Sales Tax rate increase to support those critical service needs. The increase is estimated to generate an additional $3.7 million per year. With a July 1, 2018 effective date, the FY2018 proposed budget includes three months of funding for each service need. The below table shows the split by type:
|Type||% Split||Annual Amount||Three Month Amount|
|Three Additional Police Officers||16%||587,250||–|
*Operations total for 3 months is $417,600 of which $313,200 to support operations and $104,000 to meet the General Fund reserve requirement of 25% of expenditures. The three additional Police Officers hire date in FY2019.
The Complete budget and back up material can be found at: http://www.cityofdekalb.com/AgendaCenter/ViewFile/Item/4870?fileID=14302
The agenda for the meeting on Nov 21st is: http://www.cityofdekalb.com/AgendaCenter/ViewFile/Agenda/_11212017-1209
To contact the council by phone or email: https://www.cityofdekalb.com/333/City-Council
Thank you for your time and let me know if you have any questions and please forward to other business owners,
815-748-4228 – CSR Bobcat, DeKalb IL