The average American will spend around $800 on gifts this Christmas. But making those holiday buys in Illinois will leave many families wishing they could get more bang for their buck.
Voters decided Sangamon County school building improvements were worth boosting Springfield’s sales tax to among the highest in the nation. The 1 percent sales tax hike will take the total to 10.75 percent at some stores.
As a result of the U.S. Supreme Court’s decision in South Dakota v. Wayfair Inc., most online purchases in Illinois will now be subject to automatic collection of the state’s 6.25 percent use tax.
A proposed 1 percent sales tax for school facilities improvements would bring the city of Springfield’s combined sales tax rate to 9.75 percent – among the highest in the nation.
A new sales tax proposed by Will County school districts would put some residents’ sales tax burden in a league with Chicago, which is home to the highest combined sales tax rate of any major city in the U.S.
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.