Illinois – DuPage County Expecting Drop in Sales Tax Revenue Due to COVID-19

DuPage County officials are bracing for a steep decline in sales tax revenue as a result of t COVID-19 crisis.

DuPage has a $183.8 million general fund, which includes the budgets of most county offices and departments. Roughly 55% of revenue for that fund was expected to come from sales taxes.

If there’s a 20% reduction in sales tax collections, the county would see its weekly revenue decline by roughly $500,000. If there’s a 60% reduction, DuPage’s weekly revenue would plummet by roughly $1.5 million.

He said officials will examine revenue numbers — and determine what budget adjustments are needed — as the year continues.

For more Information: Daily Herald

daily herald
by robert sanchez
april 7, 2020