Homeowners would get a two-month waiver of fees on late property tax bills, under a plan unveiled Wednesday by Cook County Board President Toni Preckwinkle, the Chicago Sun-Times reports.

Late last month, Treasurer Maria Pappas sent Preckwinkle a letter, urging the fee waiver.

"In the end, we must balance government need for revenue against home owner ability to pay the taxes that generate the revenue," Pappas wrote. "Mindful that there is no perfect solution in these times, I strongly urge you to use your executive authority to grant a two-month waiver of interest on late payments for the coming second installment."

"It's not about waiving the interest," Pappas said in an interview. "It's about being able to juggle the money. If somebody doesn't have $10,000 on Aug. 1, It gives them until Oct. 1 to get it together."

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