Even with the half-penny sales tax rollback set to kick in across Cook County this week, Chicago will still have the distinction -- shared with Los Angeles -- of having the highest sales tax rate of any large U.S. city at 9.75 percent.Someone has to pay for those generous pensions.
While the rollback may help retail sales in the short-term with residents, Chicago will have a tough time escaping the No. 1 national stigma, even if it eventually falls out of the top spot. And that could hurt travel and convention business, experts say.
Saturday, June 26, 2010
Chicago sales tax still tops in U.S.
The Chicago Sun-Times reports: