Cook County, Illinois General Obligation Refunding Bonds
Cook County's Fiscal Profile Continues to Strengthen
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Resilient Regional Economy
The County of Cook, Illinois (the "County") anchors one
of the most diverse industrial bases in the US and is the
leading economic center of the Midwest with a GDP
over $407 billion
FY 2022 Sales Tax revenues are budgeted to increase
16.6% over FY 2021, highlighting strong economic
activity within the County
Unemployment has declined to 7.1% while per capita
personal income has increased to 111% of that of the
State
Track Record of Balanced Operations
Long track record of stable financial operations has
resulted in strong fund balances and robust liquidity,
helping cushion the County against potential
underperformance of economically-sensitive revenues
$1 billion of federal ARPA funding has been or will be
allocated to support equitable economic development
and investment in core County priorities
Manageable Liability Profile
The County continues to execute on its policy to limit
combined debt service growth to no more than 2%
annually
The County maintains access to ample interim funding
sources for capital program or other emergency needs
Strong A2/A+/AA- ratings
■ Series 2022AB refunding will provide annual debt
service savings through 2033
Commitment to Tackling Legacy Challenges
The County has made supplemental contributions to its
Retirement Fund annually since 2016 to independently
shore-up funding
Total supplemental contributions have totaled $1.9
billion through FY 2021
Modernization of County workforce and declining jail
population have helped moderate expenditure growth
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