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Toni Preckwinkle Names New CFO, Vows Staff Cuts

CHICAGO (WBBM) -- Cook County Board President Toni Preckwinkle has named a new chief financial officer - as county elected officials face a Thursday deadline to come up with budget cuts.

Not all Cook County elected officials have submitted their plans to cut their budgets as directed by Preckwinkle.

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She says by Thursday, they need to come up with something.

"We're obliged to submit a balanced budget and we hope for their help and cooperation," said Preckwinkle. "And we'll submit a balanced budget whether or not we get their help or cooperation."

Preckwinkle says her own office - which accounts for 8 percent of the budget - is making cuts.

"Lots of staff positions," she said.

Preckwinkle has named Tariq Malhance as the new county chief financial officer.

Malhance was Chicago city comptroller and retired in November 2005.

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