Local News

Preliminary FY2022 budget forecasts $121M deficit, 70% less than this year

Cook County Board President Toni Preckwinkle released on Thursday, June 24, the preliminary forecast for the County’s Fiscal Year 2022 showing a projected gap of approximately $121.4 million, a sharp decline from the nearly $410 million projected gap in FY2021.

A combination of rebounding revenues, Federal relief and prudent financial management have contributed to the encouraging budget picture, according to county officials. The $121.4 million projected gap marks one of the smallest gaps since Preckwinkle took office.

The preliminary forecast report presents a mid-year projection of year-end revenues and expenses . . .

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