Rosemont allows restaurants to defer payment of taxes
Rosemont will allow local businesses to defer payment of village restaurant, hotel, parking and amusement taxes that normally would have been due in March, April and May.
That applies to those who are current with their taxes through February, according to Mayor Brad Stephens.
To also soften the blow of COVID-19 on the local economy, the village is similarly allowing its business tenants to defer rent payments over the same three-month period. That includes many of the businesses that operate within the Parkway Bank Park entertainment district.
Once the state's stay-at-home order has been lifted and bars and restaurants are allowed to reopen, the village will work out a payment plan with businesses, Stephens said.
"After 9/11, people were still a little leery going out and free in public, and I think it's gonna be the same or worse than this when this thing ends," Stephens said. "For some, it will be a barnburner whooping it up, but I think there will be a good size of the population that's gonna take it cautious."
The village received 37.3% of all of its sales taxes last year from bars and restaurants and stands to lose about $120,000 a week from shuttered eateries and bars.