Preckwinkle’s 2021 Budget Plan Avoids Tax Hikes, Counts On Extra Money From Online Sales Taxes, Marijuana, And Sports Betting – CBS2 (Chicago)

The county also plans to use about $77 million from existing reserves to help balance the budget. The county's chief financial officer said the county currently has about $400 million in reserves. (Read the full Cook County Executive Budget Recommendation here.)
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Aaron
5 years ago

Illinois is starting to sound like an organized crime family.

Lyn P
5 years ago

Oh how clever, the Tax Wizards find a new tentacle of tax burden for Cook Co. residents via upping digital retail tax. Gotta wonder, with the dying off of the appealing things about the county, how many more will flee this growing tax spider?

Tom H
5 years ago

I thought I was informed…Didn’t know the Cook County budget was almost $7B. How about to start, let the city take over 1/3 and the state the other 2/3. Mandate x% cost savings.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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