Chicago has the second highest taxes on meals of the 50 largest U.S. cities. Check out the Institute's interactive dashboard on meal taxes to see how we stack up.
by Amanda Griffin-Johnson Yesterday, Chicago’s new mayor, Rahm Emanuel, released his first budget proposal. In his prepared budget address, he acknowledged that Chicago’s history of unbalanced budgets could not continue, and he recognized that “What we cannot do, however, is to protect the status quo by asking more of Chicago’s taxpayers. Raising taxes will drive more people...
by Joe O’Malley It is no wonder residents of Cook County are fleeing to other states. USA Today highlights a recent study that shows just how costly it is to do business in Chicago. The study focused on the local taxes that impact business travelers, such as taxes from hotels, rental cars, and meals. It found that...
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.