Due to better-than-expected revenue projections and escalating inflation, the state of Illinois paused the annual increase in gasoline taxes and its tax on grocery items for a period of time, but both levies will make their return in 2023.
In fact, the inflation-based gas tax increase could occur twice within a six-month span, according to officials, while the grocery tax will return in the summer.Get Chicago local news, weather forecasts, sports and entertainment stories to your inbox.As part of the state’s 2023 fiscal year budget, a mandatory increase in the gas tax that was tied to inflation was delayed by six months.
That increase was slated to cost motorists 2.2 cents per gallon, but under terms of the legislation, the new percentage was calculated by using the amount the Department of Labor’s Consumer Price Index for All Urban Consumers increased over a 12-month period ending on Sept. 1. That number turned out to be 8.2%, and as a result, Illinois motorists will see a fuel tax increase of roughly 3.2 cents per gallon, bringing the state’s total fuel tax on unleaded gasoline to 42.4 cents per gallon.
Anyone who voted D voted for this. It was very clear when it was suspended that it would be reinstated in 2023.
And here’s why people leave more and more and more etc taxed out of your home.
Good luck liberals!
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