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Will County Gazette

Thursday, November 21, 2024

Analysis: Sales tax funded 11 percent of Village of Shorewood budget in 2016

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The Village of Shorewood's local sales tax brought in $2,805,709 in 2016, according to Illinois State Comptroller revenue data. Shorewood, population 15,615, relied on its local sales tax to contribute 11 percent of total revenue that year.

Shorewood levies a 1.75 percent sales tax. The average of six suburbs in Will County is 1.04. The high is 1.75 percent; the low is 0 percent.

Will County Gazette analyzed the sales tax collections in six Will County suburbs and found they generated a total of $18,792,414 in tax revenue in 2016. That was the equivalent of 8% spent by local government.

Below is a list of Will County municipalities' local tax revenue.

Municipality
Population
Local sales tax rate
2016 revenue from sales tax
Percent of total revenue
Village of Shorewood
15,615
1.75%
$2,805,709
11%
Village of Bolingbrook
73,383
1.5%
$14,602,882
11%
Village of Monee
5,105
1%
$405,781
3%
City of Channahon
12,600
1%
$664,278
3%
Village of Crete
8,259
0%
$191,637
1%
Village of Elwood
2,279
1%
$122,127
< 1%

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