Cook County Fiscal Strength Presentation slide image

Cook County Fiscal Strength Presentation

" Roadmap to Recovery: Cook County's ARPA Plan Cook County undertook an extensive community engagement process, soliciting and vetting a wide variety of options for deployment of the ARPA funding ā˜ Decision making guided by core values of equity, engagement and excellence. Considerations include supporting equitable economic development and growth and investing in healthy, thriving communities $1BN Total Allocation Allocated Evenly Over 3 Years (subject to change) $333MM FY 2022 $100MM Revenue Loss* Admin Costs Capital / Infrastructure One time and Sustainable Ongoing Personnel Costs $233MM Community Program Initiatives Based on Policy Roadmap Priorities $333MM FY 2023 $333MM FY 2024 *Revenue Loss - To be used to support County operations through the pandemic Ensure sustainability for any costs funded through ARPA funding with ongoing revenues in out years One-time personnel and non personnel costs (e.g., pandemic pay and administration cost for ARPA management) Building County capacity to meet increased demands and to support ARPA initiatives ā˜ Capital improvement projects that would have required debt funding instead Source: See pgs. 5-9 of Preliminary Official Statement dated November 5, 2021. OF COOK SILLINDE 9
View entire presentation