Here are the latest results for the Cook County ‘Millionaire Tax' referendum – NBC 5 Chicago

Here are the latest results for the Cook County ‘Millionaire Tax’ referendum  NBC 5 Chicago

Cook County voters are weighing in on whether the state should impose a 'Millionaire Tax,' and here are the latest results. You’re watching the NBC 5 Chicago News streaming channel, which plays local Chicago news 24 hours a day, seven days a week. You can find the “NBC 5 Chicago News” streaming channel on your phone or computer, and on Peacock, Samsung, Roku, Xumo or on our app, so you can watch our local news on your schedule. Voters in Cook County are being asked if the state of Illinois should consider an additional tax on millionaires, and early results are emphatic. The text of the amendment asked voters if the state should enact a 3% tax on income over $1 million in an effort to halt increases on property taxes, or even to potentially roll some increases back.

As of 8:30 p.m., with nearly one-quarter of precincts reporting, suburban Cook County voters are heavily in favor of the proposed tax, with nearly 69% of those voters supporting it. In Chicago, numbers are even more emphatic, with 78% of voters in the city casting ballots in favor of the referendum. Even if the referendum passes, nothing would happen immediately. The question pertains to the state of Illinois enacting such a tax, and to do so a Constitutional amendment would have