Cook County Sales Tax Revenue Bonds
Sales Taxes Provide Supplemental Pension
Contribution
COOK
ANUARY 183
SILL
CO
Significant increase in revenue via adopted Sales Tax
increase in 2015
Supplemental Contributions
Amount
Fiscal Year
($MM)
• Since that time, County has entered into
Intergovernmental Agreements with the Retirement Fund
which provide for a supplemental payment in addition to
the statutory maximum allowable contributions
2016
270.5
2017
353.8
• Under current law, each supplemental payment is subject
to annual appropriation of the County Board
2018
378.4
• County made $340.0 MM in supplemental contributions in
FY 2021
2019
320.3
2020
309.2
• On December 2, 2021, County entered into an
Intergovernmental Agreement to make $324.2 MM in
supplemental contributions in FY 2022
2021
340.0
15
2022
324.2View entire presentation