Preckwinkle: No new taxes, fees needed to close Cook County's anticipated budget gap

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.

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. Nearly 8,000 asylum-seeking migrants, many bused to the Chicago area from Florida and Texas, have received various medical treatments since September 2022, county health officials said. About 45% of the migrants are adult men, 26% are women and 29% are children.

by signing up you agree to our terms of service The county has already spent $20 million on medical care for those individuals and sought reimbursement from the state.

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Inflation, job vacancies combine for Cook County budget surplusCook County Board President Toni Preckwinkle has rolled out her annual budget forecast, an early look at the county’s year-end projections for spending and revenue in 2023 and a look ahead at 2024. The expected shortfall heading into 2024: $85.6 million.
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