TITLE

Cook Country President Proposes New Taxes to Close Shortfall

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/6/2005, Vol. 351 Issue 32044, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Cook County, Illinois, Board President John Stroger introduced a $3.04 billion fiscal year 2005 budget proposal that seeks to establish a 2% hospitality industry tax and an amusement tax to close what he said is a $73 million budget shortfall. Stroger's budget would place a 2% tax on hotel and motel rooms and on prepared food and beverages in the county. The budget also seeks a $200 per decal fee on automatic amusement devices, such as video games in bars. The taxes would bring in $75.5 million.
ACCESSION #
15635394

 

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