The Greenville Metropolis Council has begun the method towards the creation of a enterprise district within the metropolis.
At its Could assembly, the council employed an Edwardsville agency to start work on it.
If permitted, the district would enhance the gross sales tax on sure gadgets by one cent per greenback. Greenville’s present gross sales tax price is 7.75 cents per greenback.
Financial Improvement Director Invoice Walker talked about the benefits of a district for the town. He stated a lot of what the town does now’s primarily based on TIF increments. The enterprise district would add 1% to the gross sales tax, when applicable. Automobiles, prescriptions, and groceries wouldn’t be taxed. Ready meals and gasoline would.
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Walker stated the town’s intention are to incorporate the world of I-70, up Harris Avenue, up Third Avenue to embody the downtown sq. space. He stated the subsequent step is to develop these boundaries then current it at a public listening to. If the town council approves it, they have to accomplish that by October for it to enter impact firstly of 2024.
The creation of a enterprise district might be accomplished on the vote of the town council, that means no public referendum is required.
In 2013, the town council talked a few enterprise district, however took no motion. At the moment, the district boundaries have been proposed to be an space alongside Illinois Rt. 127 close to Interstate70. Opposition was raised by companies to that plan.
Metropolis officers imagine the present proposal is healthier as a result of it will embody companies from I-70, alongside Illinois Rt. 127 north to the town sq..
