Cook County Sales Tax Revenue Bonds

CO Conclusion EAL C COOK JANUARY 183 The County's Sales Tax Revenue Bonds Exhibit Very Strong Credit Fundamentals 11.5 DIVERSE ECONOMIC BASE The County of Cook has one of the most diverse economies in the country and a broad Sales Tax Revenue base PROACTIVE MANAGEMENT The County has responded proactively to COVID-19 through effective use of relief funds and efficient debt portfolio management O COOK JANUARY 1831 COUNTY STRONG DEBT SERVICE COVERAGE Pro-forma MADS coverage above 14.5x Based on FY 2022 Budgeted Sales Tax Revenues* NEW REVENUE STREAM New Sales Tax Revenues from internet sales have further diversified the tax base SCILLIN STRONG SECURITY PROVISIONS Conservative 2.5x of MADS additional bonds test, indenture coverage covenant of 1.35x, debt service set aside in advance *Preliminary, subject to change 19

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