He ‘goofed up’ and owes IRS thousands—but vows to be ‘big help’ on County Board

SHARE He ‘goofed up’ and owes IRS thousands—but vows to be ‘big help’ on County Board
Campaign sign for Lou Presta’s 2018 run for the Cook County Board.

Campaign billboard for Lou Presta. From Facebook.

Sun-Times file

Some elected public servants probably spend more time plotting their next career move than governing.

Others are fine where they’re at, knowing that a run for higher office can mean they’ll face getting “scrootened,” as former Mayor Richard M. Daley once put it. 

During five years in his current role as mayor of south suburban Crestwood, Lou Presta has largely avoided the scrutiny of opposition researchers and pesky investigative reporters, who often pry into the lives of higher-profile politicians. 

But Presta, 67, now is running for Cook County commissioner in next month’s election. He’s one of three Democratic candidates for the County Board seat being vacated by Ed Moody, a longtime campaign operative for Illinois House Speaker and state party boss Michael Madigan. 

ANALYSIS

Even a perfunctory look into Presta’s track record turns up some issues that could complicate his plans for upward mobility. 

The Internal Revenue Service and the state of Illinois Department of Revenue have filed liens against Presta for tens of thousands of dollars in unpaid taxes, according to county records. 

In 2015, the IRS sought $22,663 in back taxes that the feds say Presta owed to Uncle Sam. And the state filed a lien against him in December 2016 for another $2,516 in unpaid taxes, the records show. 

This isn’t the first time Presta had failed to promptly pay his fair share to the tax collectors. 

Crestwood Mayor Lou Presta in 2018.

Lou Presta, Cook County Board Democratic primary candidate. File Photo.| Rich Hein/Sun-Times

Rich Hein/Sun-Times file

Between 1998 and 2007, the IRS filed three liens against him for a total of nearly $80,000. 

Presta filed for bankruptcy in 2003 and 2007, according to federal court records. Documents from his 2007 bankruptcy case show his main creditor was the IRS, owed $52,000 at the time. 

Despite reporting income of $160,000 a year from his newspaper distribution business in 2004 and 2005, Presta told the bankruptcy court he had just $50 cash, $38 in a checking account and clothes worth $200. 

On Friday, Presta acknowledged he hadn’t yet paid back the money that the feds and the state said he owed. 

But he said he worked out an installment plan with the IRS about a year ago. 

“I’m on monthly payments,” he said. 

Presta said his personal financial woes came about because he “goofed up” and lost money in “an investment deal with property developers” about 20 years ago. 

Presta is running for the County Board — at a time when the county’s own financial issues are severe — because, he said, “I want to see if I can be a big help, especially with property taxes.” 

One of his two primary opponents, Patricia Joan Murphy of Crestwood, said Presta should straighten out his own financial house instead of running for commissioner. 

Patricia Joan Murphy, Cook County Board Democratic primary candidate. File Photo. | Rich Hein/Sun-Times

Patricia Joan Murphy, Cook County Board Democratic primary candidate. File Photo. | Rich Hein/Sun-Times

“When he doesn’t pay his own fair share, others are left to pay the difference,” said Murphy, whose mother held the County Board seat until she died in 2016. 

Murphy said “someone like that shouldn’t be in charge of budgets” financed by taxpayers. 

“One time, I get it, anything can happen,” she said. “But it’s a pattern, over and over again.” 

The other candidate for commissioner, healthcare industry consultant Donna Miller of Lynwood, declined to comment on Presta’s tax woes. 

The Chicago Sun-Times recently reported that two commissioners, Democrat Bridget Gainer and Republican Sean Morrison, did not pay property taxes on their homes on time. They rushed to the county treasurer’s office to settle up almost as soon as this columnist contacted them. 

Voters ultimately will decide whether they can trust Presta to represent them in debates over taxation, despite all his difficulties paying his own tax bills. 

The Latest
Mayor Brandon Johnson did not commit to spending a specific amount of public money to lakefront infrastructure improvements, but vowed that whatever public money is invested, it must be committed to creating more housing and jobs and “a sustainable, clean economy.”
White Sox fans from all over will flock to Guaranteed Rate Field on Thursday for the team’s home opener against the Tigers.
Many kids in the audience came dressed up. I would recommend parents encourage it, as their youngsters will undoubtedly make new friends at intermission finding others who love the characters they do, or who identify with other ones.
They mayor made it clear he will not remove the City Council member for appearing at a rally where an American flag was burned to protest U.S. support for Israel.
Archer Courts, 2242 S. Princeton Ave., will soon get a new hot water system, ventilation system and rooftop solar panels through a grant from the U.S. Department of Housing and Urban Development.