There has been much debate about whether or not to approve a city sales tax in Naperville. And if it is approved should it be 1/4% or 1/2%. Watch and listen to mayor Steve Chirico as he clearly presents the need to approve the city’s first ever local sales tax. It’s a lengthy 9-minute video but well-worth watching since the issue is one of the major decisions this council will make.
It’s clear the city has dug a financial hole, and as distasteful as a 1/4% or 1/2% sales tax is, it’s a start to filling that hole, without creating undue hardship. If a 1/2% sales tax will address the problem twice as fast as a 1/4% sales tax, then wouldn’t it make sense to create a 1% sales tax and fully address the problem and be done with it. Watch and listen to resident Bob Schroeder as he presents seven reasons why a 1% sales tax is the wise choice.
Let’s be realistic, would anyone wanting to make a $100 purchase in Naperville balk at paying $101 for it, and be willing to travel elsewhere to purchase it, if elsewhere also has a sales tax equal to, or more than Naperville’s 1%?
And how many businesses in other towns would be more than willing to add on that 1% sales tax, if they could have their business located in Naperville.
If Naperville is going to approve a municipal sales tax, they might as well do it right, and make it for 1%.