If Homewood voters approve a home rule referendum March 20, it will have a special benefit for Homewood School District 153. The school board on Dec. 11 approved an intergovernmental agreement with the village and gave its approval to a resolution outlining the benefits from the proposed sales tax hike. [Read More…]
Tag: tax sharing
Home rule could help District 153 schools meet its budget shortfall
Homewood District 153 anticipates a $760,000 windfall to its budget if Homewood residents support the home rule initiative. The village board is proposing to raise the sales tax by 0.25 percent and give the additional revenue to the other taxing bodies in Homewood — School Districts 153, 161 and 233,[Read More…]
It’s official: Tax sharing, easement agreement will help Glenwood deal with loss of Walmart
When Walmart announced late in 2013 that it planned to abandon its Glenwood store and set up shop two miles north on Halsted Street, Homewood Mayor Richard Hofeld pledged to share sales tax revenues with Glenwood to help ease the neighboring village’s financial pain. Now the pledge has been formalized and approved[Read More…]