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Local News

The Governor is Set to Propose Tax Relief

There’s a lot of talk about inflation these days and Governor J.B. Prizker hears the noise. He’s preparing to unveil a $1 billion dollar tax relief proposal in Wednesday’s combined budget speech and State of the State address. The Chicago Tribune reports the Governor’s plan would suspend the 1% sales tax on grocery items, freeze the inflation-based increase to the gasoline tax, and offer homeowners a property tax rebate of up to $300. The sales tax on groceries is devoted to local governments, so Pritzker will suggest the state make up the difference, at an estimated cost of $360 million.  

RFD