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Chicago Sales Tax Hits Record-High 10.25 Percent

Chicago

First Posted: 03/28/08 03:46 AM ET Updated: 05/25/11 01:25 PM ET

A drink at the bar, a fast-food meal and back-to-school shopping are among those things about to get a bit more expensive in Cook County.

Early Saturday, Cook County Board President Todd Stroger struck a deal with board members, who approved a 1 percent increase in the sales tax - driving Chicago's overall sales tax to double digits at 10.25 percent, easily among the highest of any big city.

And it will be enacted just in time for the Christmas shopping season.

"We got where we needed to be, and that's a great victory for the five and a half million people who live and work in Cook County," Stroger stated in a release early Saturday. "By working together, my administration and the board of commissioners have achieved a common goal today - to ensure that the millions of County residents who rely on us for vital services can continue to count on us to meet those critical needs."

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Read about how the Cook County Board is considering hiking up the parking tax as well.

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Filed by Michelle Kung  |