Sales Tax Referendum
The Pontiac City Council recognizes that the City is in need of a major street improvement program. The City receives $500,000 (up from $300,000) in State of Illinois Motor Fuel Tax Fund. In order to fund these necessary improvements, the Council is presenting a referendum to authorize a 1% sales tax increase.
The following are facts concerning the increase:
• The tax does not apply to groceries, prescriptions, or titled vehicles.
• The tax would have generated nearly $1.4 million annually.
• It is estimated that over 75% of the tax would be paid by non-Pontiac residents.
• The tax increase vote on March 17th, 2020 would allow the City to nearly triple the street improvements annually.