POLO — The City of Polo reported total revenues of $7,803,700 for the fiscal year ending April 30, 2025, with property taxes generating $188,019, sales tax $310,461, and state income tax $398,187. Total expenditures were $7,676,631, including $194,645 for employee health insurance, $1.97 million for construction projects, and $629,236 for energy services. Water and sewer operations accounted for $262,232 and $626,178 in receipts, respectively. Total gross compensation for city employees was $834,766, with six staff earning $50,000 or more.
Taxes:
- Property Taxes: $188,019
- Vehicle Lease Tax: $15,634
- Sales Tax: $310,461
- Cannabis Use Tax: $3,600
- Illinois Income Tax: $398,187
- BDD Sales Tax: $51,978
- Hotel Tax: $317
- Personal Property Replacement Tax: $31,060
- Utility Tax/ComEd: $66,815
- Utility Tax/Nicor: $45,535
- Sim Telecommunications Tax: $20,513
- Municipal Auto Rental Tax: $274
Licenses, Permits, and Fees:
- Liquor Licenses: $13,050
- Dog Licenses: $5,340
- Building Permits: $4,885
- Golf Cart/UTV Permits: $3,350
- Solicitors Permits: $400
- Street Openings: $600
- Sex Offender Registration: $100
Fines and Citations:
- Fines: $7,221
- City Citations: $1,727
- Ogle County Drug Fines: $903
Recreation/Pool:
- Pool Admissions: $35,031
- Pool Parties: $2,413
- Pool Lessons: $1,935
- Pool Concessions: $16,240
- Park Shelter: $320
Utilities/Water/Sewer/Sanitation:
- Water Receipts: $262,232
- Water Tower Lease Fees: $3,000
- Water Other Funds: $90,000
- Sewer Receipts: $626,178
- Sanitation Collections: $262,244
- Extra Pickups: $100
- On/Off Penalties: $2,750
Other Revenue:
- City Hall Proceeds: $1,500,604
- Blink Charging: $194
- Cable TV: $17,802
- Video/Charitable Gaming: $34,730
- State of Illinois: $51,503
- State of IL Renewable MFT Receipts: $52,006
- ARPA: $14,750
- Interest Income: $4,163
- Miscellaneous: $694,748 (includes $137,105 + $557,643)
Total Revenues: $7,803,700
This shows that the largest sources of revenue were City Hall Proceeds ($1.5 million), Sewer Receipts ($626,178), Water Receipts ($262,232), Sanitation Collections ($262,244), and State Income Tax ($398,187), with smaller amounts coming from taxes, fees, permits, and miscellaneous sources.