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Cook County May Hike Sales Tax

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Sep 26, 2007 9:50 am US/Central

Cook County May Hike Sales Tax

Hike Would Increase Chicago's Sales Tax To 11 Percent

CHICAGO (CBS) ― A sales tax increase may soon be coming in Cook County.

Cook County Board President Todd Stroger has called a special meeting of the board's commissioners for Monday, to consider the tax hike.

The increase would push sales tax in the City of Chicago to 11 percent, the highest in the country.

Stroger has not presented his 2008 budget proposal, nor has he announced the proposed deficit. But some speculate the deficit may be as much as $400 million.

In 2004, then-County Board President John Stroger proposed an increase in the county sales tax of 0.25 percent, as well as a tax on all items leased in the county, to balance the budget. But the board rejected the proposals.

(© MMVII, CBS Broadcasting Inc. All Rights Reserved.)

© MMIX, CBS Broadcasting, Inc. All Rights Reserved.