A $1-per-pack cigarette tax increase in Illinois isn't having the financial impact that state officials had hoped for. The year-old increase was expected to rake in $350 million in tax revenue, but instead the total is closer to $212 million. Illinois raised the cigarette tax from 98 cents to $1.98 in June of last year, hoping to bring in much-needed revenue and discourage people from smoking. Authorities say fewer people are buying cigarettes, which explains the decline in tax revenue.
Published in Local News