In less than a week, several new tax changes and new laws are going into effect here in Illinois. Here's a look at what you'll be dealing with starting on July 1st.
This $2.7 billion sales tax increase would be on top of all the other taxes that Illinoisans pay, and I think it's safe to say you'll be shocked at what Illinois lawmakers now want to tax.
Sky-high property taxes, the second-highest outbound migration numbers in the country, and now a gas tax (the 2nd highest in the entire nation) is about to take an even bigger bite out of your wallet. It's really no surprise when you read polling information that says 50 percent of Illinois residents would leave the state if they could.
What happens when a governor doubles gas taxes in his first week on the job and then builds in annual increases for those gas taxes? You get a not-so-lovely surprise every year when gas taxes take a bigger bite out of your budget. That's what's about to happen in Illinois in a little over 60 days.