Finance Department

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: $64.8 million (2023 Appropriation)
Sales Tax Receipts: $15.5 million (2023 Budget)
Median Household Income: $60,588 (2020)
Median Home Value: $371,500 (2020)

Hotel Rooms: 5,934

Average Hotel Occupancy: 63% (2022)
Generated for the State of Illinois Sales Tax: $35.9 million (2022 Estimate)
Hotel/Room Tax Generated for the Village of Rosemont: $13.2 million (2022 Estimate)
Hotel/Room Tax Generated for the State of Illinois: $11.4 million (2022 Estimate)
Hotel Tax Rate: 14% (6% state, 7% local, 1% Cook County)
Sales Tax: general merchandise: 10.25% restaurant: 11.25%

2022 (As of July) Water Rates (per 1,000 gallons)

Commercial: $12.02
Residential: $5.90
Non-profit: $5.90
For any financial related questions please call Village Hall at 847-825-4404

 IMRF Employer Cost and Participation Reports