Since the tax went into effect on August 2, 2017, it has generated $16m in additional revenue for the county, a spokesperson from Preckwinkle's office told BeverageDaily.
The Cook County Board of Commissioners voted, 15-2, to repeal a penny-per-ounce tax that went into effect on August 2. Preckwinkle said in a statement after Tuesday's vote that she was "disappointed".
Cook County was the sixth county in the country to tax sodas and other sweetened beverages, while Philadelphia, Berkeley, Calif. and Boulder, Colo.
"If there is one city America's tax and spenders should be able muscle through the latest tax fad, it would be Chicago".
Philadelphians for a Fair Future, a coalition of 81 organizations that support the soda tax, called the Cook County repeal "unfortunate".
Supporters of the movement which involve many top public health groups former New York City Mayor Michael Bloomberg have promoted the taxes as a symbol to combat obesity while also erecting earnings for confined administration.
"It means we will have a $200 million hole in our budget and we're really challenged in terms of delivering health care services, and our criminal justice reforms", Preckwinkle said in an interview with the Herald Tuesday.
The Chicago Tribune reported that 12 out of 17 commissioners have signed on to repeal the sugary drink tax ordinance-enough to override a veto by the board president.
Preckwinkle warned commissioners Thursday that they would be forced to make steep cuts across the county to make up for the lost revenue officials counted on from the tax to balance next year's $5.4 billion budget.