Friday, June 28, 2019

EXTRA: Gas tax hike kicks in Monday -- Happy Fiscal New Year!!!

I almost feel like I ought to be making a point to fill up the gasoline tank this weekend – what with new Illinois state taxes on the price of a gallon of gas going up as of Monday.
How long until you've seen gas prices this low?
It is part of the capital spending plan the General Assembly and Gov J.B. Pritzker approved earlier this year, meant to raise some $45 billion to pay for improvements needed in state construction projects.

FOR WHAT IT’S worth, the motor fuel tax for Illinois will increase from 19 cents per gallon to 38 cents – which is the first such increase since 1990 – literally back at the tail end of Jim Thompson’s time as governor.

On top of that, municipalities in Cook County were given the option of creating their own 3-cent-per-gallon tax on gasoline – on top of what the state will charge,

The coming of the new Fiscal Year on Monday means that is when these new rates will take effect. We’ll start noticing the prices on the rise as of that date – with probably many of those people living near the Illinois borders with Indiana, Wisconsin, Iowa, Missouri and Kentucky going out of their way to buy their gasoline elsewhere.

Although Pritzker may have put the need for money into perspective when he said, “it means fewer blown-out tires, fewer car axles thrown out of balance, fewer fender benders and fewer life-threatening car accidents” by having better roads. Although I suspect many people are just too eager to complain about someone regardless of reality.


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