stayontheblack.com

Business

County officials vote to repeal Chicago-area soda tax

Chicago Rethinks Soda Tax

Voters were also asked whether they were less likely to vote for a pro-tax Cook County commissioner.

The Cook County Board voted Wednesday to repeal the Chicago-area county's controversial soda tax, after a public backlash to the penny-per-ounce charge.

The tax prompted lawsuits, a warning from a federal agency that IL could lose millions in funding for food stamp benefits and complaints of plummeting sales from store owners.

Of course there will be layoffs, everything's on the table, says Preckwinkle, but she's putting the ball in the commissioners court to say where $200M of cuts should come from.

Since the tax went into effect on August 2, 2017, it has generated $16m in additional revenue for the county, a spokesperson from Preckwinkle's office told BeverageDaily.

Even if the repeal succeeds, Cook County residents and visitors will still pay a tax on sports drinks, diet colas and sweetened beverages throughout the fall, as the repeal measure doesn't take effect until December 1. But even he couldn't make moves against large beverage corporations, who obviously opposed a tax. Preckwinkle said in a statement after Tuesday's vote that she was "disappointed". "IL law required that the tax be levied on consumers, while all other cities tax beverage distributors, which is a simpler process", Krieger said in a statement.

County Board President Toni Preckwinkle had defended the tax, saying it was necessary to fund essential county services, but has said she will work with the board to balance the budget without the estimated $200 million in annual revenue.