A new hike is aimed at filling a gaping pension shortfall

Chicago has long had a steep sales tax, but a vote by Cook County commissioners Wednesday night made the city’s rate the highest in the nation.

The commissioners approved a 1% hike, which bumped the sales tax rate in Cook County—where Chicago is located—from 9.25% to 10.25%. The increase passed with the minimum number of votes needed and is aimed at helping bail out the pension system for county workers.

Chicago’s 10.25% sales tax rate, which goes into effect January 1, 2016, surpasses four cities in Alabama—Birmingham, Montgomery, Macon, and Mobile—that previously captured the highest sales tax title, according to the Tax Foundation. They all have city sales tax rates of 10%. Other cities near the tip-top are Fayetteville, Ark. (9.75 and Santa Monica, Seattle, and Tacoma, Wash., which all have sales tax rates of 9.5%.

Cook County Board President Toni Preckwinkle, who advocated for the hike, said the increase would generate an estimated $474 million more in sales tax per year and is necessary to ward off the “pension tsunami” that’s closing in on the county. The retirement fund has a shortfall of $6.5 billion—a figure that’s growing by $360 million per year.

Toni Preckwinkle in her campaign pledged not to raise sale tax.

golosyite blolshe za demokratov, vu zhe vse xotite xaliave , a za nee nyzhno platit.

Here is some interesting facts for property tax rate in Wheeling, Cook County, in the past 5 years, over 4% increase between 2010 and 2014:


Tax Rate History


2014 12.754
2013 12.055
2012 10.644
2011 9.563
2010 8.421

golosyite blolshe za demokratov,
За кого голосовать, за религиозных придурков что-ли, которые все работы вывезут, деньги на войну потратят и скажут что для нашего благополучия.

Внешняя политика у демократов абсолютно такая же, вспомните того же Клинтона и Югославию.
Так что между двух зол, приходится выбрать...на этот раз республиканца, скорее всего.

это одна и та же партия, специально так делают козлы

Демсы - недалёкие популисты. Их политика по поводу дефицита бюджета; повышение налогов.

За кого голосовать, за религиозных придурков что-ли, которые все работы вывезут (ц)

Дибил, бизнесы уходят в другие штаты ИЗ-ЗА ПОВЫШЕНИЯ НАЛОГОВ. Самый успешный штат - Техас, на 100% республиканский. Штат банкрот - Калифорния, на 100% дерьмократический.

prichem zdes religioznue?

правильно! бизнесы уходят из-за налогов, а также из-за дурацких административных правил, душащих и отбивающих всякое желание начинать и расширять бизнесы.

And, if those businesses don't get started or expanded, or if they go BYE-BYE, then you can also say BYE BYE TO JOBS.

PS. And religion does not have anything to do with it.