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The original item was published from 7/24/2020 11:15:41 AM to 7/2/2021 12:00:02 AM.

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General Press Releases

Posted on: July 24, 2020

[ARCHIVED] Village Tax Revenue Update

Westmont, Illinois
Date Issued: July 24, 2020

“We were in the middle of our annual budget process when COVID-19 was just beginning to make an impact in the United States, so we immediately made adjustments to prepare for the pandemic’s potential effect on our local economy,” said Westmont Finance Director Spencer Parker.  “While we felt we chose a moderate-to-conservative projection regarding community tax revenue for 2020, we’ve been pleasantly surprised that Westmont’s economy has exceeded our initial estimates by about 20%, which is good for the community as a whole.”

While some businesses, such as restaurants and various service-based companies, have been hit hard by the pandemic, other businesses continue to thrive.  Also, the Westmont cluster of auto dealerships on Ogden have done better than expected during the past few months.

Following are some of the details regarding Westmont’s current economic status regarding tax revenues since this past March:

Sales Tax - March-April

2019 Actual - $1,662,848
COVID-19 Projection - $665,139
2020 Actual - $1,158,064

Places for Eating - March-May

2019 Actual - $519,589
COVID-19 Projection - $207,836
2020 Actual - $182,961

Hotel / Motel - March-May

2019 Actual - $178,702
COVID-19 Projection - $13,118
2020 Actual - $24,472

Other Revenues * - March-June

2019 Actual - $4,457,680
COVID-19 Projection - $3,793,600
2020 Actual - $3,858,283

Grand Total

2019 Actual - $6,818,819
COVID-19 Projection - $4,679,693
2020 Actual - $5,223,780

* Other revenues include Income from video gaming, permits, licenses, and more.

To assist with conveying the details of this information, the Finance Department has published a Budget Dashboard Report, which illustrates the variation between projected and actual revenues during this timeframe. 

For more information regarding the Village Budget and Village finances, please contact the Finance Department at


Contact: Larry McIntyre
Village of Westmont
Communications Director/Public Information Officer

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