ROCKFORD, IL — The city could rescind its policy restricting recreational cannabis sales tax funding to aiding communities disproportionately impacted by marijuana laws and instead tap the funds to help close a projected $3.7 million 2026 general fund deficit.
Rockford has $2.6 million in marijuana sales taxes on hand. Combined with the estimated $850,000 it expects to generate next year, it could be spent to avoid a property tax increase or cuts in city services, city officials said.
Ald. Gina Meeks, D-12, is hopeful City Council will consider alternatives to spending the 3% city sales tax on recreational marijuana sales to prop up the general fund…