Cook County Fiscal Strength Presentation
Impact of COVID-19 on the County
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In addition to the $428.6 million in CARES Act funding received by the County, the County is expected to receive $1.0 billion
directly from the American Rescue Plan through the Coronavirus State and Local Fiscal Recovery Funds ("SLFRF")
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These SLFRFs can cover eligible costs incurred between March 3, 2021 and December 31, 2024. Obligated funds
incurred by December 31, 2024 must be expended by December 31, 2026.
The County received approximately 50% of its SLFRF allocation on May 9, 2021 and is expected to receive the remaining
no later than May 31, 2022
The County will utilize part of the SLFRF funds to reduce its estimated Fiscal Year 2022 budget gap of $121.4 million
It is anticipated that a portion of the federal stimulus implemented by ARPA will return to the County in the form of sales tax
revenue as spending by individual recipients increases
The Fiscal Year 2022 Budget recommendation includes anticipated revenue from the second half of the County's allocation
from the U.S. Department of Treasury's ARPA program in the amount of $500.2 million for use in mitigating and counteracting
the impacts of COVID-19
Federal Response
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The County received $428.6 million of CARES Act funds from the federal government
The County expects to receive $1 billion from the U.S. Department of Treasury's American Rescue Plan program
FY 2022 Key Budget Provisions
Includes anticipated revenue from the second half of the County's SLFRF of $500.2 million for use in mitigating and
counteracting the impacts of COVID-19
Increase Health Enterprise and General Fund Expenses to $5.87 billion ($585.9 million higher than FY 2021 budget of
$5.23 billion)
Source: See pgs. 5-9 of Preliminary Official Statement dated November 5, 2021.
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