DuPage County’s sales tax has dropped by a quarter-cent after the elimination of a tax collected by the DuPage Water Commission.
The elimination of the sales tax comes as the Water Commission moves to a self-sustaining utility. The drop in sales tax will save DuPage County consumers $36 million annually.
DuPage County Board Chairman Dan Cronin, DuPage Water Commission Chairman Jim Zay and members of the County Board celebrated the sales tax decline with a cake at the May 24 County Board meeting.
In addition to the sales tax reduction, the commission lowered its water rates by 1 percent for 2016-17, which took effect May 1. The commission paid back $70 million in bonds 18 months early, which saved taxpayers $10 million in interest payments.
For more information visit: http://www.dupageco.org/