beverage tax

Jaclyn Driscoll

Cook County’s controversial sugary drink tax has been repealed roughly two months after it took effect. Following legal battles and an outcry from both consumers and business owners, the penny-per-ounce tax on sweetened beverages will no longer be collected after December 1, 2017 which is the beginning of the county’s new fiscal year.

flickr/b0r0da

A potential framework for a balanced state budget relies on both cuts, and bringing in more money to state coffers. That does include an income tax hike. But there are other revenue ideas too.

Legislators who've been unable to reach a budget deal since last July have about two weeks left to agree on a new plan, or risk taking the state into a new phase of uncertainty and political gamesmanship.