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CHICAGO SALES TAX - Highest in U.S. Effective July 1, 2008
Last-minute maneuvering by the Cook County Board last night prevented major budget cuts in county services and health care in the county that includes the City of Chicago.  But the cost to consumers across the county, and here in Chicago, was steep.
As a compromise to Cook County Board of Commissioners Todd Stroger's five-month-old proposal to increase the county share of the State of Illinois Sales Tax to 2.75%, the Board voted 9 to 7 to increase the county's tax share to 1.75%, up 133% from it's current level of 0.75%.   The tax increase takes effect July 1.
Suburban Cook County Consumers will see their sales tax on non-food items increase to a minimum of 9.0%, from the current rates starting at 7.5% in most suburban Chicago municipalities.  (The State of Illinois, in January, approved a separate 0.5% increase in the state's share of the sales tax, to fund mass transit, and the Chicago Transit Authority, in and around Chicago).
Here in the City of Chicago, however, the Chicago Sales Tax will total 10.25%- the highest of any major city in the country, substantially exceeding sales taxes in Los Angeles and New York City.
The tax increase program approved last night by ... more

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