Breaking News Bar
Cook County's ill-fated sweetened beverage tax never brought in the amount of revenue anticipated and likely caused revenue shortfalls in sales taxes because consumers were buying groceries in other counties or other states.
Did Cook County's failed soda tax cause sales taxes to fizzle, too?
Cook County generated far less than revenue officials estimated when they instituted a penny-per-ounce tax on sweetened beverages. The finally tally shows the tax not only brought in less than expected, but continued to decline at roughly $1 million a month during the four months it was being charged.
Business Ledger Newsletter

email sign upOur free e-newsletter, The Business Edge, offers news and features about companies around the Chicago suburbs. Sign Up now

A rendering shows plans for the City Works Eatery and Pour House proposed for the Wheeling Town Center development on Dundee Road.
Commission backs Starbucks, City Works for Wheeling Town Center
Apple said Wednesday it will spend $350 billion in development and create 20,000 jobs to the United States in the next five years, following the recent corporate tax reforms and a greater push to increase manufacturing in the U.S.
Apple plans to hire 20,000 people, build new U.S. campus
Trader Joe’s will remove two controversial substances from its register receipts, according to a statement on the company’s website.
Trader Joe's to remove controversial chemicals from receipts
Business Ledger Create buyer personas to help in your small business marketing tactics
Latest Business
Business Columns
    Trending Video
      Top Jobs
      Business Columns
        Reader Poll
        bottom clear