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Residents in Illinois to Pay Higher Grocery and Gas Rates

You are currently viewing Residents in Illinois to Pay Higher Grocery and Gas Rates
  • Post category:News

In the past year, Illinois Governor JB Pritzker had signed into place the Family Relief Plan. It was a temporary initiative that could specifically ease inflation on residents by way of suspending the 1% sales tax on groceries, while it also would freeze the motor vehicle tax at about 39.2 cents per gallon. But as it turns out, the end of the temporary initiative has come to it’s end on July 1st, 2023.

The drivers will now be paying about 6.2 cents a gallon more in gas taxes throughout the state, as it was during Christmas.In accordance to the Illinois Policy Institute for a full 45.4 cents, way higher than the original rate of 42.3 cents on January 1st and 39.2 cents a year before, in accordance to the Center Square.

The law had been signed into a $45 billion infrastructure plan back in 2019.

Such a plan had doubled the gasoline tax from 19 cents to about 38 cents per gallon, while also including automatic inflation adjustments for every July 1st, indicating state lawmakers don’t quite need to vote upon unpopular gas tax rate changes. All while rising upon the state sales tax on gas at around 6.25%.

Once July 1st comes and goes, the people all over in Illinois are going to have to pay the second-highest motor fuel excise tax within the nation, as Illinois residents can pay 78 cents per gallon in taxes to pay.

It makes a difference to really shift towards the idea of accepting how your groceries need to be adequately priced. It all comes as a necessary push for the economy to go forth with a positive result. Because otherwise, how could you justify the means of which the pricing is properly allocated for the sake of all your fellow Illinoisians?

At tis rate, it’s a blessing that any of us can survive off of the prices set for groceries as is. So really, try to put things in perspective and see that there’s a positive awning on the horizon for all residents of Illinois. That maybe with this high rise, one can expect a drop soon-after. Lawmakers may have their minds set on gas but groceries could be another story.

Groceries could always be smartly afforded for if you’re sure of how to manage your money in the long-run of realizing these cost expenses rising in the grocery sector. It’s rather significant.

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