The mayor’s Chicago budget plan includes a $76.5 million property tax hike despite $3.5 billion in federal aid and funds permanent programs with temporary revenues but includes no push to fix pensions.View Report
Sales tax revenue is up from pre-pandemic levels, in part because Illinois is now forcing online retailers to charge local sales tax rates as high as 10.25%. No tax breaks this Cyber Monday.
Illinoisans pay one of the highest sales tax rates in the nation when local and state sales taxes are averaged. The average rate of 8.83% was up slightly from a year earlier.
Sales taxes can exceed 10% in Illinois depending on where consumers do their holiday shopping. The average has been creeping up in recent years.
Monthly sales tax collections in Illinois continued sharp declines compared to one year earlier amid strict COVID-19 restrictions. Neighboring states with more open economies fared better.
Will County became the first county to use new taxing authority under Illinois Gov. J.B. Pritzker’s capital plan, adding a new countywide gas tax of 4 cents per gallon atop state and local gas taxes.
Illinois’ state and local sales taxes make shopping for gifts an expensive gesture of kindness every holiday season.
Included in Gov. J.B. Pritzker’s capital plan is increased taxing power for some county governments to create or raise countywide gas taxes. Will County could be the first to exercise that authority.
Taxes alone hike the average Illinois cellphone bill by 31%.
Chicago Mayor Lori Lightfoot has proposed a $20 million tax on dining out to help fill the city’s $838 million budget shortfall.
A year ago, over half of Illinoisans considered moving away, but today it’s more than 6 in 10, a new poll shows. The No. 1 reason cited for wanting to move? High taxes.