Cook County Board president Richard Phelan last week unveiled a $2.08 billion fiscal 1994 budget that ends the county's practice of issuing tax anticipation notes and curtails other short-term borrowing.

In a press release, Phelan said the county will be able to lessen the combined effect of the "twin evils." He pointed to the county's conservative fiscal policies, its private sector business practices, and improved cash-flow from a .75% sales tax. Last year, about $70 million of county funds were allocated to pay off short-term debt.

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