Cook County FY2004 Proposed Budget: Analysis and Recommendations

November 19, 2003

The Civic Federation opposed the County’s $2.99 billion FY2004 budget because it does not reduce operational expenditures or implement increased efficiencies and It is balanced by means of two new and unnecessary revenue enhancements: an increase in the County’s home rule sales tax from 0.75% to 1.0% and a new 4% personal property lease transaction tax that will generate $58 million in FY2004.