Cook County Board President Toni Preckwinkle will present her 2013 budget today to the county board and is expected to include a $1 increase in the county cigarette tax. The increase would follow Gov. Pat Quinn signing into law this June a $1 statewide hike on smokes, revenue is meant helps pay Illinois' share of Medicaid costs.
If the board approves the proposal, Chicago residents would see a $6.67 tax on each pack of cigarettes when city, county and state levies are all factored in, according to the Chicago Tribune. The tax hike is projected to generate $25.6 million annually for the county. The yearly county budget is roughly $3 billion.