ibusinesslines.com September 21, 2018

Chicago Rethinks Soda Tax

11 October 2017, 01:17 | Justin Tyler

Chicago Rethinks Soda Tax

Chicago Rethinks Soda Tax

Morrison said the full county board is expected to vote on a report including only the repeal action at Tuesday's finance committee of the whole meeting.

The tax has been plagued, in its very short life, by legal challenges, implementation glitches, and a screeching, multi-million-dollar media battle between the soda industry and public health groups. The board's finance committee will vote on a measure to repeal the unpopular penny-per-ounce tax. If the item passes at today's committee meeting, commissioners would take a second vote to accept the finance committee report at Wednesday's regular county board meeting.

Preckwinkle warned commissioners Thursday that they would be forced to make steep cuts across the county to make up for the lost revenue officials counted on from the tax to balance next year's $5.4 billion budget. The ads are still running on some major TV networks in Chicago, despite commissioners last week announcing they had enough votes for a repeal which would go into effect in December. Cook County has a population of over 5 million people, according to data from the U.S. Census Bureau.

Unlike other cities and counties that have passed soda taxes in recent years, Cook County was arguably cursed from the start. Their voices and opposition to the tax have been clear and consistent.

The Cook County Board Finance Committee was scheduled to meet at 10 a.m. on October 10 to vote on the tax, and if he follows his word, Daley's decision will be good for consumers. "Now, together, we must chart a new course toward the eighth consecutive balanced budget of my tenure as board president".

Preckwinkle released a statement thanking supporters of the Ordinance, including the American Heart Association and the Illinois Public Health Institute, while sounding a conciliatory note.

Other News

Trending Now

CBS clarifies statement on whether Colin Kaepernick would stand for national anthem
He did so in protest of police violence towards African-Americans around the country. He also plans to donate the money from his jersey sales to charity.

CFO Bornstein Leaving After 28 Years at GE
Year-to-date, GE has declined -20.76%, versus a 15.42% rise in the benchmark S&P 500 index during the same period. While GE has discussed earnings of $2 a share in 2018, analysts are predicting $1.67 on average.

Northern Ireland and Republic fans won't be singing same song about play-offs
Hal Robson-Kanu had Wales' best chance to score before that but his header was tipped over by Darren Randolph . Wales were one of the stories of Euro 2016 as they reached the semi-finals before being beaten by Portugal .

University of Pittsburgh student found dead in homicide
In the BOLO, police said to look for a black 2013 Chevy Cruze with the license plate HBT 1677, driven by Darby. University of Pittsburgh campus police are working with the city's Violent Crime Unit on the investigation.

Transparency Coming to Prescription Drug Prices in California
The organization said the law will "jeopardize the future of California's leadership in this innovative industry". In that respect, it makes sense to start with the source of the drug prices: the drug makers themselves, he says.

Switzerland, Italy top Europe's World Cup playoffs lineup
France beat Belarus 2-1 to win Group A, with Sweden finishing second despite losing 2-0 to the Netherlands . Arjen Robben applauds Holland's fans after their win over Sweden .

North Atlantic Treaty Organisation launches Black Sea force as latest counter to Russian Federation
He said the 29-member alliance had increased jets patrols in the Black Sea in "response to Russia's aggressive actions in Ukraine".