COOK COUNTY - Nothing quite as irritating and stressful as hearing the constant drip-drip-drip of a leaky faucet. And that's exactly what's happening in Cook County, with the revenue the county is pulling in, Crain's reports today with an interesting graphic.
Cook County is leaking income. According to the latest IRS migration data (2009) — which tracks tax returns of individual filers who moved from one year to the next — Cook lost $4.01 billion in taxable income to other counties while gaining $3.03 billion. Cook County generally draws a surplus from smaller Midwest metro areas, but it's losing income to large and midsized counties elsewhere.