Cook County Sales Tax Revenue Bonds
COOK
JANUARY 13
Pro Forma Sales Tax Debt Service*
SEAL O
11.5
Pro Forma MADS Coverage Including the 2022 Bonds Is Approximately 13.8x Based on
FY 2021 Revenues and Over 14.5x Based on FY 2022 Budgeted Revenues*
Series 2022 Bonds Preliminary Amortization
CO
County monitors combined General
Obligation and Sales Tax debt service and
November 15
2022A Principal
2022B Principal
2022
$6,650,000
$-
follows policy to limit year-to-year
increases in aggregate debt service to no
2023
6,240,000
3,115,000
2024
6,740,000
3,270,000
2025
7,520,000
3,435,000
more than 2% based on the Federal
2026
7,595,000
3,605,000
Reserve's long-term projection for
inflation (up to $400 MM threshold)
2027
2,980,000
3,790,000
2028
2,285,000
3,975,000
2029
2,225,000
2,110,000
2030
310,000
2,215,000
Pro Forma DS - All Sales Tax Revenue Bonds
2031
1,875,000
4,390,000
($MM)
2032
6,430,000
4,610,000
$80
2033
4,840,000
2034
$70
5,085,000
2035
5,335,000
$60
2036
5,600,000
$50
2037
2,365,000
3,525,000
$40
2038
2039
$30
2040
$20
2041
24,000,000
$10
$0
2042
18,345,000
2045(T)
61,015,000
2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044
Total
$156,575,000
$58,900,000
Existing Sales Tax Debt Service â– Series 2022 Principal Series 2022 Interest
*
Preliminary and subject to change. Debt service displayed assumes amortization in the Preliminary Official Statement (POS) and coupons ranging from 5.00% to 5.25% based on the inside front
cover of the POS and is net of the refunding of the 2012 bonds.
(T) Indicates term bond
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