Illinois Approves $53.1B Budget, Eliminates Grocery Tax
Illinois has eliminated its 1% grocery tax in the newly passed $53.1 billion state budget, aiming to provide financial relief to families amid rising prices. While this move is expected to benefit consumers, it could reduce revenue for local municipalities, which are now allowed to impose their own grocery taxes up to 1%. The budget awaits Governor Pritzker's signature, with some Republicans expressing concerns about future financial stability.
