Preckwinkle Says Fall Budget Does Not Include Any New Taxes

Craig Dellimore
June 20, 2019 - 8:42 am
Toni Preckwinkle Budget

WBBM Newsradio/Craig Dellimore

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CHICAGO (WBBM NEWSRADIO) -- Cook County Board President Toni Preckwinkle said a preliminary fiscal forecast will mean no new taxes in her next budget proposal.

The forecast for the Health System budget isn’t quite so sunny, but County Board President Tony Preckwinkle said even projections for the general budget alone suggest she can put a budget together without asking taxpayers for more revenue.

"The gap we have to close this year is roughly $12-million, so we think that we can manage our budget process without doing any of those things, yes," Preckwinkle said.

Her budget team said tax revenues are up and they have been successful and lucky in bringing expenses down. 

Cook County’s Chief Financial Officer Ammar Rizki said what was a nearly half-billion-dollar deficit when Toni Preckwinkle first became County Board President is way down now.

"Right now we are seeing about an $18.7 million deficit and so that is about a 96 percent drop from where we were nine years ago," Rizki said.

Preckwinkle expects to craft a budget this fall that does not include any additional taxes.

"I am particularly grateful that the county was given the opportunity to tax up to three percent on recreational cannabis and that we received revenue in the gaming legislation," Preckwinkle said.

She said the changes to the budget plan have been structural, which means few one-time tricks.