Cook County, Illinois General Obligation Refunding Bonds slide image

Cook County, Illinois General Obligation Refunding Bonds

County Overview and Primary Functions. The County is a diverse international center of business, industry, and culture and the leading economic hub of the Midwest With a population of over 5.17 million, the County is the second most populous in the country and central to the U.S.'s third largest metro area¹ The County's 946 square miles consist of the City of Chicago (population 2.7 million) and 131 additional suburban municipalities; 29 townships; 220 special districts; and 164 school districts² The County is a home rule unit of government under Illinois law and may exercise any power and perform any function relating to its government and affairs, except as expressly limited by State law • No current statutory limitations on power to levy real property taxes or issue GO Bonds Powers are exercised through an elected 17-member Board of Commissioners and the Board President Chicago Chicago MSA Cook County Provision of Public Health Services • Protection of Persons and Property General Governmental Services Principal Functions of County Government The Cook County Health and Hospitals Systems ("CCHHS"), consisting of: Department of Public Health Stroger and Provident Hospitals Outpatient health centers and clinics Cermak Health Services Consists mainly of operations of Circuit Court (second largest unified court system in the U.S.) and County Jail (the largest single jail site facility in the U.S.) ☐ Sheriff's police department, criminal prosecutions The assessment of property and the levy, collection, and distribution of taxes to all underlying jurisdictions Maintenance of certain highways, services for unincorporated areas of the County, and county-wide regional economic development efforts Finance and Administration of County government 1. Source: U.S. Department of Commerce, Bureau of the Census as of July 2021. See also p. 11 of the Preliminary Official Statement dated August 3, 2022. Source for City population: U.S. Department of Commerce, Bureau of the Census as of April 2020. See also p. 11 of the Preliminary Official Statement dated August 3, 2022. 2. CO 5
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