An increase in sales tax receipts indicates Bolingbrook businesses are doing better, according to village officials.
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The Bolingbrook village board approved tax receipts this month showing a 6.6 percent increase from November 2011 to November 2012, according to the Chicago Tribune.
Those are signs people are spending their money more and businesses are doing better, officials said.
Retail sales and sales tax revenue were both reported up in Q1 2012 from Q1 2011, according to village documents. Bolingbrook saw a 6 percent increase in retail sales from Q1 2011 to Q1 2012 and a 5.5 percent increase in sales tax revenue in that same time period.
- 2013 State of the Village: Bolingbrook Mayor Roger Claar Talks Business
Bolingbrook also had a slight increase in retail vacancy in 2012.
At the 2012 State of the Village address, Claar expressed his concern about the future of retail.
"America is taking a hit," Claar said. "People have to understand that every time they buy online they put the nail in the coffin of the brick and mortar stores."
Claar said the success of the Promenade Bolingbrook has buffered the loss of other businesses, including major chains such as Circuit City and Borders.