• Alex Nitkin
    JUL 02, 2020
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    Cannabis, gambling taxes to boost county amid long-term budget woes

    Cook County finance officials don’t expect sales tax revenues to match December 2019 levels until next fall. [Cook County]
    A suite of new taxes on pot, sports betting and online retail sales will help Cook County forge a path through its nightmarish two-year budget outlook, officials said Wednesday.

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    Podcast

    Alex speaks to Chicago CFO Jennie Bennett, Budget Director Susie Park & Comptroller Reshma Soni about the Mayor $16.7 billion budget plan for the 2022 Fiscal Year. But can the plan really help climb Chicago out of the financial hole it has been digging for decades? And will it position the city for financial stability after its $1.9 billion share of American Rescue Plan funding dries up?

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