Illinois’ debt per student is the 11th highest of any state in the nation. It is almost 15 percent higher than the national average of $8,764.View Report
Illinois’ multilayered state and local gas taxes drive up prices at the pump
As part of the just-enacted state budget, the General Assembly has moved up the expiration of a tax break for sales of gasoline mixed with ethanol. This will likely make the price at the pump go up.
Though U.S. gas prices have dropped to near all-time lows, Illinois’ state and local taxes make gas costlier in the Land of Lincoln than in neighboring states.
Motorists in Chicago face higher gas prices than the national and state average, due in part to the multiple layers of taxes heaped upon by state, county and local government.
Contracting and fuel industry experts sounded off on a recent idea to raise Illinois’ fuel tax.
SB 3267 would introduce electronic driver tracking, and create a behemoth bureaucracy to keep tabs on Illinois drivers and figure out how to process tax credits.
A new 30-cent-per-gallon tax hike would make Illinois gas taxes the highest in the nation by far, and pour more money into a broken system.
While Illinois motorists have seen the country’s second-highest increase in gas prices, Chicagoans pay even higher prices at the pump due to multiple layers of city, county and state taxation.
While gas prices have dropped to a 12-year low in Illinois, Chicagoans pay $0.32 more per gallon than the state average due to multiple layers of city, county and state taxation.
An estimated 32 million drivers will hit the road this Memorial Day weekend, according to AAA. And those leaving from the Chicago area will feel much more pain at the pump. The national average for a gallon of gas is $3.65. In Illinois, the average price per gallon is $3.83. But the average price per...