Elk Grove Village Announces $2.8 million Residential and Business Coronavirus Relief Package
Village to issue water bill credits to residents, will waive various licensing fees for businesses
Elk Grove Village officials today announced that the Village will provide $2.8 million in financial relief to local residents, businesses and restaurants in the wake of economic challenges presented by the coronavirus pandemic. The $2.8 million relief package, which will be reflected in the Village’s 2020-2021 fiscal year budget, is likely the most generous measure enacted by any Chicago-area suburb since the outbreak occurred.
“During a time when many of our families and businesses are facing so much uncertainty due to the spread of the coronavirus, we’re doing everything we can to ease the financial burden,” said Elk Grove Village Mayor Craig Johnson. “We know this outbreak has placed plenty of stress on our families and businesses, so if there’s something we can do as a Village to make things just a little easier, we’ll do it. If the relief helps offset household grocery costs, if it helps cover monthly rent or mortgage costs, or if it gives a local business owner one less expense to worry about, then we’ve accomplished our goal.”
The Village is using its $2.8 million surplus from last year’s budget to provide the relief package to 11,500 households and more than 2,200 businesses that call Elk Grove Village home.
Residents will receive a $200 dollar credit to their water bills. The credit will appear on bills beginning in May (residents receive bi-monthly bills) and will be drawn down upon until the amount is exhausted. Because the average residential water bill in Elk Grove Village is $84, it’s likely most customers will be able to take advantage of the credit for at least two or three billing cycles. This amounts to $2.3 million in relief to Elk Grove residents.
The Village is requiring landlords who pay the water bill for their properties to pass the savings on to their tenants. Condo associations will also be required to pass these savings on to their unit owners through future assessment fees.
The Village is waiving annual business licensing fees due June 1, 2020. This amounts to $500,000 in relief to Elk Grove Village businesses. The relief will benefit all business license holders in Elk Grove Village, especially restaurants and bars, which have suffered a significant economic blow due to closures or drastically scaled back operations. Restaurants and bars will have more than $220,000 in fees waived. The fee waiver will also include over $75,000 in relief to building contractors.
Additionally, the Village has announced a grace period for all payments to the Village, effective today through May 31, 2020. That means residents and businesses who have payments to the Village coming due can choose to delay those payments for up to two months, without incurring any additional late fees or penalties. Payments that fall under the grace period include water/sewer bills; parking or traffic tickets; food and beverage tax; and hotel/motel tax. The grace period will be re-evaluated, and potentially extended, based on how quickly the region and the country are able to stop the spread of the coronavirus and begin recovery.
The Village Board unanimously approved the $2.8 million relief package, and today Mayor Johnson signed a proclamation formally establishing the Coronavirus Relief Package.
Below is a video message from Mayor Johnson announcing the Coronavirus Relief Package: