Cook County Board President Toni Preckwinkle released on Thursday, June 18, the county’s FY2027 preliminary budget forecast. The forecast projects a budget gap of $550.7 million across the county’s General and Health Funds in FY2027. For the FY2026 year-end, the county is projecting a surplus of $283 million in the General Fund. Several factors[Read More…]
Tag: Cook County budget
Cook County Board unanimously approves $10.12B balanced budget
On Nov. 20, the Cook County Board of Commissioners unanimously approved a balanced $10.12 billion budget for fiscal year 2026. The budget includes billions of dollars in public health, public safety and economic development funding and continues pandemic recovery efforts without layoffs, tax increases or cuts to essential services. “This[Read More…]
Cook County unveils preliminary 2026 budget forecast
Cook County unveiled the preliminary forecast on Wednesday, June 18, for the 2026 fiscal year, showing a projected gap of $211.4 million across the County’s General and Health funds. Despite the fiscal pressures and economic instability created by federal actions, this represents a decrease from last year’s $218.2 million[Read More…]
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[Read More…]
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…]
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