CHICAGO | Cook County Board President Toni Preckwinkle is releasing a preliminary budget for Fiscal Year 2014.
It includes projections the deficit will be more than $152 million — about a third as large as it was a few years ago. Preckwinkle said Thursday that the deficit has steadily shrunk since she took office, going from $487 million in fiscal year 2011 to $315 million the next year and just more than $267 million in fiscal year 2013.
Preckwinkle acknowledges it is getting tougher to reduce expenses, but that she still believes the budget can be balanced without raising property taxes or sales taxes.
She said a number of things helped in bringing the deficit down. One of those is an expected $74 million in reimbursements from Medicaid expansion.