Cook County Fiscal Strength Presentation
Cook County's Fiscal Profile Continues to Strengthen
■ The County continues to maintain its long-term plan for fiscal sustainability and continues to improve structural balance
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Revenue measures and recent growth during the pandemic partially offset the County's fixed cost profile for debt service,
pensions and labor
Track record of balanced operations has resulted in strong fund balance levels and robust liquidity, partially cushioning the County
against potential weaknesses in performance of economically sensitive revenues
The County's FY22 General Fund Revenue and Expenditures ($1,981.1 million) assume a variance of $84.8 million compared
to FY21 ($1,896.3 million)
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Key Variance Drivers:
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Year-over-year improvement in non-property taxes revenue (sales tax and tourism-based taxes post-COVID)
Continued improvement in fee revenue due to strong housing market and the reopening of the County court system.
Pension and long-term liabilities have been managed
Generally considered "moderate" compared to the County's economic base
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Debt service is well below 2% growth limitation
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Supplemental pension contributions from earmarked sources
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The FY22 budget recommends a supplemental pension amount of $325 million and up to an additional $20 million in the
pension stabilization reserve
The County is a diverse industrial center and a leading economic center of the Midwest
■ The management team is deploying its $1 billion ARPA funding guided by the County's core values of equity, engagement and
excellence
■ Fitch Ratings upgraded Cook County's ratings from A+ to AA- with a Stable outlook
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