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All Cook County residents would have to buy a $40 vehicle sticker for each car they own under a proposal two County Board commissioners are floating to help plug a budget deficit now pegged at $238 million. He also went on record against cutting the county budget, and was in favor of raising the sales tax by 1.25% or more.
The RTA sales tax was increased to 1.25% in Cook County, and 0.75% in the collar counties (from 1% and 0.25%, respectively), but one-third of the sales tax collected in the collar counties (i.e. 0.25%) is distributed directly to the counties [39] and the county boards may use that money for transportation or public safety purposes. [40]
Cook County is the fifth largest employer in Chicago. [5] In March 2008, the County Board increased the sales tax by one percent to 1.75 percent. This followed a quarter-cent increase in mass transit taxes. In Chicago, the rate increased to 10.25 percent, the steepest nominal rate of any major metropolitan area in America.
Cook County’s budget has increased from $5.2 billion in fiscal year 2018 to $9.94 billion for 2025. ... like sales taxes, and expenditure reductions, like lower than anticipated health care and ...
The total prospectus once built out with matching federal and state funds is about $8 billion, $6 billion of which will come from the proposed half-percent sales tax hike.
For example, sales tax in Chicago (Cook County), IL is 10.25%, consisting of 6.25% state, 1.25% city, 1.75% county and 1% regional transportation authority. Chicago also has the Metropolitan Pier and Exposition Authority tax on food and beverage of 1% (which means eating out is taxed at 11.25%).
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Cook County is the fifth-largest employer in Chicago. [29] In March 2008, the County Board increased the sales tax by one percent to 1.75 percent. This followed a quarter-cent increase in mass transit taxes. In Chicago, the rate increased to 10.25 percent, the steepest nominal rate of any major metropolitan area in America.