A new school year has arrived and teachers are getting ready to welcome their students back into the classroom. That comes at somewhat of a cost, unfortunately.
The Illinois Family Relief Plan kicked off on July 1st, and taxes on several essentials have been or will be paused. Illinoisans have gotten a suspension of state tax on groceries for one year, a very temporary delay of a scheduled gas tax increase, direct checks for some families, the earned income tax credit, along with the doubling of property tax rebates.
If you're feeling a financial pinch this month, blame the school supplies. It's fun to get new binders, erasable pens, and gadgets, but it sets most of us back more than $600 this month.