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Cook County beverage tax spells end to soft-drink bargains

Cook County beverage tax spells end to soft-drink bargains

Over the weekend, smart shoppers were able to score four 12-packs of Coca-Cola products for $10 at area Target stores. Enjoy those bargains while you can.

Starting next July, the four-for-$10 deal will cost you $15.76 in Cook County. That's the price after applying Board President Toni Preckwinkle's new penny-an-ounce beverage tax. It doesn't include sales taxes.

The $4.9 billion budget that the Cook County Board is expected to approve Tuesday counts on tens of millions of dollars in new revenue straight from the pockets of thirsty residents; on an annual basis, Preckwinkle expects to collect $224 million. The tax applies to sweetened drinks including soda, ice tea,...

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