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[Read More…]
Tag: Cook County budget
Cook County commissioners approve $6.94B FY21 budget
The Cook County Board of Commissioners approved Tuesday a balanced $6.94 billion FY2021 budget developed through an equity lens and aimed at advancing work on criminal justice reform, public health, infrastructure and economic development without the need to increase existing taxes. The 17-0 vote approving the budget follows a month[Read More…]
County board president releases 2021 budget recommendation
Cook County Board President Toni Preckwinkle on Thursday presented a proposed $6.9 billion budget recommendation for fiscal year 2021 that addresses the fallout of the COVID-19 pandemic without increasing taxes or cutting critical services. “This 2021 budget is balanced with no tax increases or the need for immediate federal help.[Read More…]
Cook County faces ‘dramatic’ COVID-19 financial impact
On Friday, Cook County Board President Toni Preckwinkle released the preliminary forecast for the county’s Fiscal Year 2021 budget, showing a projected gap of approximately $280 million for the rest of this fiscal year and $410 million the following year as the widespread financial impacts of COVID-19 are touching nearly[Read More…]