Monday, March 4, 2013
The county hopes to help smokers quit the habit and raise more money with this recent tax hike.
Cook County smokers will have to shell out more than ever after last Friday’s $1 cigarette tax hike. This comes on top of an additional $1 jump on the state level last June. The county is hoping to receive an extra $25.6 million from the increase, but historic examples suggest the figure might be wishful thinking, according to the Chicago Tribune. In additional to the estimated revenue, Cook County Board President Toni Preckwinkle said she hopes the initiative will deter youths from smoking and help current smokers kick the habit. Get the rest of the story by the Chicago Tribune.
Tuesday, February 26, 2013
The state might take a crippling hit if congress does not act before Friday.
Deep, nationwide cuts are geared to take place March 1. They're the first of a decade-long $1.2 trillon budget cut plan poised to go into effect unless Congress can compromise on a deficit-reduction plan. Here’s what Illinois stands to lose, according to the White House:
Monday, November 28, 2011
District 204 school board members approved a 3.54 percent tax levy increase at a Nov. 21 meeting.
District 204 board members announced a plan on Nov. 21 to approve a 3.54 percent tax levy increase. The board has only approved a proposal for the tax levy which will be discussed in more detail at the board's Dec. 16 meeting at Lyons Township High School's North Campus. The total levy is expected to rise $1.9 million to $59.6 million in 2011 over last year's levy of $56.7 million. According to the board, the levy is less than many other schools are doing in the area. Other schools were looking for a 4.99 percent increase, they said, to be just below the Truth in Taxation limits. The percent increase this year is also below last year's requested increase of just over 8 percent.