By a 12-5 vote, Cook County commissioners approved Board President Toni Preckwinkle's 2016 budget on Wednesday. 

The $4.5 billion budget includes tax increases expected to generate close to $512 million annually for the county. 

Of that new revenue, $474 million will be generated by a 1 percentage-point sales tax increase to pay for pensions and other costs.

The budget also includes a 1 percent hotel tax hike, a new tax on e-cigarettes, specifically a 20 cent hike per milliliter of fluid for the devices, $20 in fee increases for court filings and a one cent or five cent tax on ammunition, depending on the ammunition.

The budget slashes spending by about $112 million.

Now that the 2016 budget has passed, the board is turning its attention to the 2017 budget.

"We have, I must say, tough budgets ahead of us, and as someone pointed out earlier, we're going to have to begin next week in planning for the budget for 2017, which will be similarly challenging," Preckwinkle told commissioners.