Village of Rosemont

Finance


The Finance Department is responsible for recording all day to day financial activities, as well as financial reporting, budgeting and capital assets for the village departments and all related businesses (Allstate Arena, Rosemont Theatre, Commercial Properties, Rosemont Health and Fitness, Donald E. Stephens Convention Center, Parkway Bank Park, The Dome, The Ballpark, and the Water Department).  This includes responsibility for payroll, accounts payable, medical and property & liability insurance, revenue collection, purchasing, tax forms and collection, bonds and other investments.  Information Technology also falls under the direction of the Finance Department.  

Finances

General Fund Budget: $48.7 million (2018)
Sales Tax Receipts: $15.6 million (2018 Budget)
Median Home Value: $348,526 (July 2017)
 

Hotel Rooms: 5,920 (2018)

Average Hotel Occupancy: 71.9% (2017)
Generated for the State of Illinois Sales Tax: $34.7 million (2018 estimate)
Hotel/Room Tax Generated for the Village of Rosemont: $14 million (2017)
Hotel/Room Tax Generated for the State of Illinois: $12 million (2017 estimate)
Economic Impact: more than $1 billion (estimate)
Hotel Tax Rate: 14% (6% state, 7% local, 1% Cook County)
Sales Tax: general merchandise: 10.25% restaurant: 11.25%
 

2018 Water Rates (per 1,000 gallons)

Commercial: $9.15
Residential: $4.15
Non-profit: $4.00
For any financial related questions please call Village Hall at 847-825-4404
© 2018 Village of Rosemont. All rights reserved.
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