CHICAGO - Cook County, Ill., president Todd Stroger yesterday unveiled a fiscal 2009 budget of just under $3 billion that avoids new taxes or fee increases, but critics blasted it as being propped up by stalled plans to borrow $360 million to finance pension obligations and self-insurance claims.

The proposed spending plan was quickly attacked by critics on the 17-member county board as a "2010 re-election budget" that relies on borrowing despite a recent controversial sales tax increase imposed earlier this year that's expected to generate up to $400 million in additional annual revenue.

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.