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Cook County Sales Tax Drops ThursdayThursday, July 01, 2010 Chicago Public Radio by Alex Keefe Cook County's portion of
the sales tax will go down Thursday. But that still leaves Chicago with
one of the highest big-city sales taxes in the country.
It's
been an ongoing fight since 2008, when the Cook County Board raised the
sales tax by one percentage point. County commissioners voted
repeatedly to repeal the tax, only to be fended off by vetoes from
Deomocratic Board President Todd Stroger.
But commissioners
finally were able to repeal half of it, dropping the sales tax rate in
most of Cook County to 9.75 percent beginning Thursday, down from a
highest-in-the-nation 10.25 percent.
The rollback still leaves
the Chicago in a dead heat with Los Angeles for the title of highest
sales tax in the U.S., according to the Washington, D.C.-based Tax
Foundation, a nonpartisan tax research group.
Commissioner Tony
Peraica, R-Riverside, says that's not good enough.
PERAICA: I
believe that with the pressure of the Cook County voters and taxpayers,
particularly on the eve of the November 2nd general election, that there
will be enough votes to get the remainder of this Stroger sales tax
increase repealed.
But it's unclear whether there will be the
political will to repeal the remainder of the sales tax hike. The
Democratic nominee for Cook County Board President, Toni Preckwinkle,
has recently stepped away from her campaign promise to rescind the
increase.
Cook County could take a $200 million blow as a result
of the rollback, says Stroger spokesperson Chris Geovanis. That will hit
the county particularly hard given that revenue has dropped during the
recession and federal stimulus money has dried up, she says.
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