Budget + Tax

Chicago now home to the nation’s highest sales tax

Chicago now home to the nation’s highest sales tax

Buying local just got a lot less appealing for Chicagoans. The city reclaimed the highest sales-tax rate of any major city in the nation on July 15, when the Cook County Board, which oversees Illinois’ largest city, voted to raise its portion of the sales tax, bringing Chicago’s combined rate to 10.25 percent from 9.25...

By Hilary Gowins

Rauner vetoes raises for state lawmakers

Rauner vetoes raises for state lawmakers

Like so many Illinoisans working in a stagnant state economy, state lawmakers will not receive pay raises this year. But House Speaker Mike Madigan and Senate President John Cullerton will still receive bonuses in excess of $25,000.

By Austin Berg