unless the reduction is authorized by the Cook County Board of Commissioners pursuant to the implementation of shutdown days, a furlough program, unpaid holidays or another program established to address a budget deficit, or loss in salary resulting from unpaid leave or days. The Bureau of Economic Development will be investing an additional $20 million over the next two years in aid to our business communities and residents in greatest need, with $5 million to expand support for small businesses, increase coaching and training for M/WBEs, build an integrated small business ecosystem, and catalyze innovation in manufacturing. The county runs a two-hospital medical network and a … 2021 Cook County Preliminary Forecast (17 MB) Volume I – Budget Overview FY20 Annual Appropriation (10.51 MB) Volume II – Department Line Item Budgets FY20 Annual Appropriation (3.29 MB) J.B. Pritzker was counting on to help balance the budget hit a wall overnight in the Illinois House and died with the … “This is a balanced budget, without tax increases, that makes millions of dollars in important equity investments made possible because of our hard work, tough decisions and avoiding quick fixes,” said President Preckwinkle. Cook County, Illinois, is readying new money and refunding deals totaling about $600 million after tackling a budget gap that ballooned due to the COVID-19 pandemic. In her first-ever budget address, Preckwinkle outlined a 16 percent spending cut from almost every department in the county, concomitant with the 16 percent budget deficit facing the county. Out of a $3.1 billion budget, the deficit is roughly $487 million. Cook County Health also had their hands full closing a $187 million gap. Ashlee Rezin/Chicago Sun-Times, 2019. When COVID-19 hit, devastating governments around the nation, Cook County leaders braced for a budget deficit that they projected would swell to an estimated $409 million. Today, the Cook County Board of Commissioners approved a balanced $6.94 billion FY2021 budget developed through an equity lens and aimed at advancing Cook County Board President Toni Preckwinkle’s work on criminal justice reform, public health, infrastructure and economic development without the need to increase existing taxes. UNC-Chapel Hill has laid out plans to cut personnel costs by 3 percent and operating expenses by 15 percent over the next two years to make up … That could mean new taxes, furloughs and layoffs. The tax was pitched to reduce Cook County budget deficits. With approvals from the Cook County and Metra Boards, we are targeting January for the fair transit pilot program launch to assist residents in the southern portion of our County with more frequent, affordable and accessible transportation options and ensure that residents on the South Side of Chicago and in the south suburbs have better access to transit. The County reduced expenditures by eliminating 569 vacant full-time equivalent positions. A key measure Gov. Huge drops in sales and other taxes because of COVID-19 and increases in some costs have led to deep deficit. Duluth, Cook County, Lake County, St. Louis County, Carlton County, Itasca County, Koochiching County, Lake of the Woods County, Minnesota. It lasted four months – from Aug. 2 … “We’ve done a great deal of heavy lifting to instill fiscal responsibility and financial stability in Cook County.”. C O OK C OUNT YFI S C A L YE A R 2 019 • 2 The tax lasted just four months — it went into effect on Aug. 2, 2017 and ended on Dec. 1, 2017. The FY2018 budget presented by Cook County President Toni Preckwinkle had relied on the sweetened beverage tax to cover just over $200 million of the county’s projected expenditures on services. Latest News Minnesota. A New York hospital executive has been named to lead Cook County’s public health system, which faces a $187 million budget deficit for 2021. The unanimous 17-0 vote approving the budget follows a month of departmental hearings, commissioner questions and public meetings. With the closing of a $187 million budget gap at the hospital system, Cook County closed a $400 million deficit without the need for new taxes. Los Angeles County faced a $37.6 billion budget deficit for fiscal year 2020-2021 and warned of massive layoffs. $5 million will go to housing for those being released from the jail population and on electronic monitoring and $10 million to additional investments in access to justice programs and services. The tax was pitched to reduce Cook County budget deficits. Preckwinkle closed a $222.2 million gap in the general fund without the need for new taxes. Board of Commissioners of Cook County 118 North Clark Street Chicago, Illinois 60602 (312) 603-6400 TDD: (312) 603-5255 Toni Preckwinkle PRESIDENT October 9, 2014 To the Residents of Cook County, I am pleased to present to you the Cook County Executive Budget Recommendation for fiscal year 2015. With the closing of a $187 million budget gap at the hospital system, Cook County closed a $400 million deficit without the need for new taxes. Cook County Government. unless the reduction is authorized by the Cook County Board of Commissioners pursuant to the implementation of shutdown days, a furlough program, unpaid holidays or another program established to address a budget deficit, or loss in salary resulting from unpaid leave or days. The $6.6 billion operating budget is an increase of $736.7 million, or 12.6%, from the FY2020 adopted budget of $5.9 billion. Cook County’s proposed budget total in 2020 likely will be similar to the current $5.9 billion budget. Roughly $152 million of the deficit comes from the Cook County Health and Hospitals System, which makes up about one-third of the county’s overall budget. $2 million of the additional investment will go towards workforce training to meet the needs of high demand occupations and upskilling displaced workers. CARES Act Information for Local Governments, Freedom of Information Act for Offices under the President, Office of the Independent Inspector General, Cook County Earned Sick Leave Ordinance and COVID-19, Information Regarding Your Pets and COVID 19, Cook County's Resources and Response to Coronavirus (COVID-19). It lasted four months -- from Aug. 2 to Dec. 1, 2017, the researchers said. Cook County Board President Toni Preckwinkle's plan to bridge a $409.2 million budget deficit is expected to include layoffs and the loss of hundreds of jobs through attrition. • For the full report, visit chicago.suntimes.com. With the closing of a $187 million budget gap at the hospital system, Cook County closed a $400 million deficit without the need for new taxes. Cook County will invest an additional $20 million over the next two years for programs related to justice reform through the Justice Advisory Council (JAC). To close the General Fund gap, personnel expenses were reduced by approximately $61.3 million by eliminating 659 vacant full-time equivalent positions. It lasted four months – from Aug. 2 to Dec. 1, 2017, the researchers said. The tax was pitched to reduce Cook County budget deficits. In the recommendation that Cook County Board President Toni Preckwinkle is expected to unveil for the county's general operating budget, 659 vacant positions -- 300 of them in the sheriff's office -- are slated to be cut as part of a plan to close a gap of $222.2 million. The county faces an $18.7 million deficit, the lowest since Preckwinkle took office in 2011. Robert McKenzie Wednesday, November 4, 2020. Despite the enormous budget pressures caused by the pandemic, the $6.94 billion budget continues to be driven by several policy goals to ensure vital health care access for vulnerable residents, foster a fair justice system aimed at violence prevention and reducing recidivism, provide economic development to under-resourced communities, and invest in infrastructure while also promoting long-term fiscal stability. All FY2021 budget information has been posted to the Cook County website, allowing the public to review documents and engage with the President’s Office directly. Cook County Board President Toni Preckwinkle's plan to bridge a $409.2 million budget deficit is expected to include layoffs and the loss of hundreds of jobs through attrition. ... Much attention will (deservedly) focus on the provincial budget deficit, which this year will... 0 Crime. $13 million is going to expand housing assistance and support for legal aid and foreclosure mediation while providing residents with food, utility and direct cash assistance. The tax, which included both sugar-sweetened and artificially-sweetened diet beverages, was largely pitched as a way to reduce county budget deficits. Cook County officials plan to propose a $6.9 billion budget Thursday, closing a $409.2 million shortfall through a mix of layoffs, cutting vacant positions and tapping into reserves to effectively weather the long feared "rainy day" elected officials always worry about. Already facing a $200 million shortfall due to usual revenue sources drying up, Cook County could be faced with an even larger budget shortfall ahead because of the pandemic. While the health system pitched a balanced budget for 2020, it’s predicting deficits in 2021 and 2022 due to the massive tab of uncompensated care. ‘Everything On The Table’ To Close Cook County’s $220 Million Budget Gap. Cook County Finance Committee Departmental Budget Hearings November 4, 2020 Cook County Health (CCH) Proposed 2021 Budget - $3,387B Proposed FTES for 2021 - 6743 2020 Budget Amount - $2,824 Billion 2020 Budget FTEs - 6601 Difference - Increase of $653M (20%) Difference - Increase of 142 Cook County officials are bracing for a $222 million deficit for fiscal year 2021. Based on the forecast released this summer, revenues are $129 million or 7 percent below the fiscal year 2020 adopted budget and expenses are $92.9 million or 5 percent above the fiscal year 2020 budget. 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