CHICAGO – Cook County, Ill. faces a projected $152 million shortfall next year, according to the preliminary 2014 budget released Thursday by Cook County Board President Toni Preckwinkle.

The shortfall is down from the $267.5 million gap last year and the $315.2 million deficit a year earlier. Preckwinkle addressed a $487 million gap in her first budget for 2011. Preckwinkle pledged not to seek a hike in property taxes or sales taxes to wipe out the red ink but did not rule out other tax or fee increases.

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