sales tax

Meet the company pushing sales-tax hikes across Illinois

By Brian Costin
10/14/2014
Fourteen Illinois counties face higher sales taxes if referendums pass at the ballot box this fall. The tax is called the Illinois County School Facility Occupation Tax, or County School Facility Tax (CSFT) for short. The law authorizing the tax, which passed in 2007, allows school boards representing 51 percent of a county’s student population...

TAGS: Missouri, Nicolaus & Co., sales tax, Stifel Nicolaus & Co., taxes

Illinois school districts seeking 14 countywide sales tax hikes in November

By Brian Costin
09/12/2014
School districts in 14 Illinois counties are pushing for countywide increases in sales tax rates. These counties are utilizing the 2007 Illinois County School Facility Tax Act, or ICSFTA, which allows school boards representing 51 percent of a county’s population to put a referendum on the ballot for a countywide sales tax increase to fund...

TAGS: education, sales tax

Transparency before tax hikes

By Brian Costin
03/16/2014
No matter how you feel about government spending, most of us agree that the people have a right to know how their tax money is being spent. This means that before a local government raises taxes on their citizens, it should be transparent about how current tax dollars are being spent. Unfortunately, most of Illinois’...

TAGS: sales tax, transparency

Illinois has the highest sales taxes of its neighbors

By John Klingner
12/20/2013
Illinois has high sales taxes. As of January 2013, Illinois had the 12th-highest combined state and average local sales tax rate in the country at 8.13 percent – higher than all bordering states. Chicago’s combined sales tax rate of 9.75 percent tied with Los Angeles as the highest sales tax among major U.S. metropolitan areas...

TAGS: Chicago, sales tax

Springfield City Council votes to hike sales tax

03/31/2013
After several hours of debate, the city council voted 6-3 to raise the sales tax from 8 percent to 8.5 percent to repay an $86.6 million, 15-year bond issue to finance the three-year infrastructure program.

TAGS: sales tax