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: $56.7 million (2020)
Sales Tax Receipts: $16.2 million (2020 Budget)
Median Household Income: $41,778 (July 2018)
Median Home Value: $342,000 (July 2018)

Hotel Rooms: 6,085

Average Hotel Occupancy: 74.7% (2019 Actual)
Generated for the State of Illinois Sales Tax: $37.5 million (2019 estimate)
Hotel/Room Tax Generated for the Village of Rosemont: $15.1 million (2019)
Hotel/Room Tax Generated for the State of Illinois: $12.9 million (2019 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%

(July 1, 2020 - June 30, 2021) Water Rates (per 1,000 gallons)

Commercial: $10.90
Residential: $5.35
Non-profit: $5.35
For any financial related questions please call Village Hall at 847-825-4404

Real Estate Transfer Tax:

The Village of Rosemont does not require a transfer tax stamp for Real Estate transactions. Before final closing Please call the Rosemont Public Works Department at 847-698-3744 for a final meter read.