Cook County offers loans after latest tax bill delays – Center Square

“Local taxing bodies like suburban school districts and municipalities are going to be waiting months for revenues they need for operations. They had to go out and take payday-style gap loans to keep the lights on and that's costing school districts over $120 million in interest,” Chicago Ald. Brendan Reilly said. Legislation requiring the county to reimburse taxing districts for interest lost and debts incurred did not advance during the General Assembly’s spring session.