The Illinois Supreme Court shut down a tax Chicago was imposing on car rentals outside city limits, noting the potentially chaotic nature of the policy.
The new statewide sugary drink tax, on top of Cook County’s similar tax and Chicago’s highest-in-the-nation sales tax, would make soda prices in the city skyrocket.
It’s no secret Chicago aldermen aren’t friendly to outsider businesses and innovative industries. Here’s a look at some of the most egregious examples from 2016.
The Chicago market has grown to the third largest in the country, accounting for almost all of the more than $73 million in supplemental income in 2016.
Though Chicago already has the highest sales tax in the nation as well as massive property taxes, the Chicago City Council passed new hikes on parking fees in Midway and O’Hare airports.
Metropolitan jobs data shows that from October 2015 – October 2016 the greater Chicago area is up +33,500 jobs while the rest of the state is down -2,700 jobs. Measured since before the Great Recession, from October 2007 – October 2016, the greater Chicago area is up 110,100 jobs while the rest of the state is down -42,700 jobs.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.