Reposted by Patrick Smith
Cook County will not need to hike property taxes, lay off employees or impose new fees to close a projected budget gap of $550.8M in 2027, after some “budget magic” by the county’s finance team, Cook County Board President Toni Preckwinkle said.
news.wttw.com
No Tax Hikes or Layoffs Needed to Close Cook County’s $550M Gap Thanks to ‘Budget Magic’: Preckwinkle
“This budget magic … we’re only able to do this once,” Cook County Board President Toni Preckwinkle said. “We are sweeping the cupboards bare. Once you’ve done that, you have to look for other resourc...