Short-term or current liabilities are financial obligations that must be satisfied within one year. These include short-term notes, accounts payable, amounts due to other funds, accrued payroll and other current liabilities.Rating agencies…
On June 24, 2021, Cook County Board President Toni Preckwinkle issued a preliminary budget forecast for fiscal year 2022. The…
Cook County has accounted for all $429 million in Coronavirus Relief Fund (CRF) funding the County received through the federal CARES Act in 2020,…
In January 2021, Cook County issued $499.8 million in general obligation and revenue bonds. A total of $330.5 million was issued by the County in Series 2021A general obligation refunding bonds. These bonds will be used to refund the…
Recently, Cook County, the State of Illinois and other jurisdictions across the U.S. have begun to implement policy changes to reduce reliance on monetary bail and release more individuals while awaiting trial. These changes come amid a…
Despite large revenue losses associated with the economic downturn caused by COVID-19, Cook County’s preliminary 2020 budget results for the fiscal year that ended on November 30, 2020 show a positive year-end balance. Based on the…
Cook County government has historically kept its property tax levy relatively flat, especially when compared to the other largest government bodies in Cook County including the City of Chicago and Chicago Public Schools, both of which have…
