CHICAGO - Cook County, Ill.'s controversial plan to borrow up to $740 million to balance its nearly $3 billion 2009 budget is "reckless and irresponsible," a fiscal watchdog group warnedin a recent report.

The Civic Federation of Chicago's report comes as county commissioners remain locked in debate over whether to issue the new-money bonds, a key piece of board President Todd Stroger's $2.94 billion 2009 budget introduced in late November.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.