These and other practical financial practices, such as a conservative comprehensive investment policy stipulating investment in local banks, and constant revision of the Village's 15-year Capital Budget Plan, make Frankfort one of the most financially sound communities anywhere in the southwest suburbs. Much of the Village's operating revenues, over 40 percent, are derived from sales tax. People who live in Frankfort shop in Frankfort. Development revenues from license and permit fees, and charges for development services, account for an additional 35 percent of Village operating revenues. A stroll through Frankfort's picturesque historic downtown area almost magically transports shoppers and visitors back to the 1890's.
Visitors come from all over the U.S. to find the rarest of treasures and most unique antique pieces.
Frankfort is renowned for its delightful array of antique shops, offering a browser's and collector's paradise of period furnishings and objects of art, artifacts, curios, and heirlooms. The old buildings of the down-town area blend perfectly with newer retail areas such as the Town Center and Frankfort Crossings to offer a wide variety of products and services. Diverse, low-density housing is a hallmark of Frankfort's residential community, architectural styles representing both past and present. Some of the most sought after homes are those reflecting the Village's historic charm, featuring designs of the late 19th century. Custom home builders recognize residents' desire for high quality, distinctive housing and offer a balanced blend of home styles, sizes and prices.