Peoria Area Chamber of Commerce Opposes Sales Tax Referendum
Peoria, IL (February 28, 2014) — The Peoria Area Chamber of Commerce appreciates and supports education as an essential element in recruiting and expanding business, as well as developing our future workforce. We do not believe putting a tax initiative in place, especially with no provision for a sunset once the capital improvements are made, is in the best interest of our locally owned businesses and their employees.
The Peoria Area Chamber of Commerce Board of Directors has voted to oppose the proposed 1% sales tax referendum for Peoria County schools that will appear on the March 18 ballot. The proposed Peoria County School Facility Sales tax is intended to increase revenue based on qualifying retail sales in the County. The money would then be used within Peoria’s 18 school districts for buildings and structural improvements. The Chamber Board made the decision after multiple discussions, committee meetings and feedback from Chamber membership.
The proposed 1% sales tax increase will lift Peoria County to an undesirable position of collecting one of the highest sales tax rates in the State of Illinois. We feel strongly this increase will adversely affect retail operations in Peoria County as shoppers choose to make purchases in lower taxed contiguous areas.
As the leading voice of business, the Peoria Area Chamber of Commerce is asking voters to oppose the 1% sales tax referendum on the March 18 ballot.
About the Peoria Area Chamber of Commerce
The Peoria Area Chamber of Commerce is a membership organization of area businesses, delivering value to its members by cultivating a thriving business community, presenting the united voice of local business to government, offering continuously upgraded products and services for business enhancement and providing strategic business advisory services. Through the Chamber’s strategic plan, it is focused on being the leading voice for business in the region through political advocacy; inclusive and diverse in the approach to our work; an advocate to improve the quality of place in the region; and a source for strong leadership development. The Peoria Area Chamber of Commerce is sister organization to the CEO Council and both organizations share services through the Greater Peoria Business Alliance.
For more information, visit www.peoriachamber.org or call Rachel O’Connell at (309) 495-5974.