TSD Memphis

Wed04232014

$3B Cook County Budget Gets OK, Includes New Taxes

Bullet Tax2

    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.

    Read more http://www.chicagodefender.com/index.php/news/city/15142-3b-cook-county-budget-gets-ok-includes-new-taxes

    Add comment


    Security code
    Refresh