Mount Prospect trustees may join other communities in passing a 1% grocery tax. Daily Herald File Photo, 2014

Mount Prospect could become the latest community to adopt a local grocery tax, in reaction to the state’s decision to stop collecting the tax for municipalities in 2026.

The village board is expected to vote Wednesday to adopt a 1% grocery tax ordinance

Village officials said voting to preserve the revenue stream could prevent the loss of more than $925,000 to the village.

The new grocery tax revenue would be earmarked for pension payments, officials said.

“The idea was to use the grocery tax as a way to fund our pensions,” Mayor Paul Hoefert said. “Because we're trying to fully fund pensions by 2040.”

Municipalities have until Oct. 1 to adopt local ordinances to continue co

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