$3B Cook County Budget Gets OK, Includes New Taxes
- Category: Chicago
- Published on Friday, 09 November 2012 20:09
- Written by The Chicago Defender
- Hits: 432
CHICAGO (AP) — The Cook County Board has approved a nearly $3 billion budget that includes a $1-a-pack tax hike on cigarettes and a $25 tax on firearms purchased at suburban gun shops.
The county's budget passed on a 16-1 vote. Cook County Board President Toni Preckwinkle thanked commissioners after the Friday vote, saying she appreciated the "cooperative and collaborative" budget process. The budget notably did not include a Preckwinkle-supported controversial nickel-per-bullet tax. She dropped that tax idea last week.
Cook County — the nation's second-largest county — faces a budget shortfall of more than $260 million. Other new taxes include a $1,000 tax on casino slot machines and $200 on video gambling machines in suburban bars and restaurants.
The cigarette tax takes effect March 1. The gambling taxes start June 1.