Analyzing the Cook County Sales Tax Hike
Cook County Board President Toni Preckwinkle won a victory Wednesday after the county board narrowly signed off on her controversial sales tax hike, but there might be some legal and political risks to using sales tax revenue to meet pension obligations. We’ll talk through the issue with the Civic Federation president Laurence Msall and Nick Kachiroubas, an assistant professor at DePaul University’s School of Public Service.
The approval of the 1-percent increase in the sales tax brings Chicago’s sales tax to 10.25 percent. President Toni Preckwinkle’s proposed penny-on-the-dollar sales tax was approved by a vote of 9-7, with Commissioner Liz Doody Gorman casting a present vote.
See how each of the commissioners voted.