Stay Connected
All Week Long
Originally published on dailyherald.com 06/21/23 | Photo: Ashlee Rezin/Sun-Times file
Cook County Board President Toni Preckwinkle said no new taxes or fees are necessary to close an expected $86 million budget gap next fiscal year, caused largely by reduced state funding and medical costs for asylum-seekers.
Total county spending is anticipated to reach nearly $8.8 billion in 2024, according to county forecasts. Preckwinkle suggested departmental belt-tightening and holding open some of the nearly 4,000 vacant jobs will help close the budget gap without needing new revenue sources.
"We're going to be able to do this," she said.
A large chunk of the budget gap is being blamed on adjustments to the state formula for distributing personal property replacement taxes, with county officials anticipating $58 million less than it received this year.
In 2022, the county received $184 million from personal property replacement tax disbursements, but county finance officials expect the state will distribute just $75 million next year.
Read More
According to the Centers for Disease Control and Prevention (CDC), the vaccines currently available in the United States are more than 90% effective at preventing COVID-19. Getting vaccinated will protect yourself and those around you and will help keep your community healthy.
Learn More
Contribute - Get Involved - Forward to a Friend: [link removed]
Paid for by Preckwinkle for President. A copy of our report filed with the State Board of Elections is (or will be) available on the Board's official website, [link removed], or for purchase from the State Board of Elections, Springfield, Illinois. All contributions are reported to the State Board of Elections. Contributions are not accepted from employees of Cook County. Companies holding contracts with the Cook County are limited to $750.
Political contributions are not deductible for income tax purposes.
Preckwinkle for President
1332 E 47th Street
Suite 200
Attn: Dianna Thompson
Chicago IL 60653 United States
If you believe you received this message in error or wish to no longer receive email from us, please [link removed].