Preckwinkle flip-flop on sales tax fails to satisfy Wall Street

County Board President Toni Preckwinkle damaged her credibility by reinstating the penny sales tax she campaigned against to solve the county’s $6.5 billion pension crisis. But the $474 million influx in annual revenue wasn’t enough to satisfy a Wall Street rating agency. On Wednesday, Standard & Poor’s affirmed the county’s AA bond rating, but revised […]