cook county budget deficit

“We’ve done a great deal of heavy lifting to instill fiscal responsibility and financial stability in Cook County.”. The County reduced expenditures by eliminating 569 vacant full-time equivalent positions. The tax was pitched to reduce Cook County budget deficits. The unanimous 17-0 vote approving the budget follows a month of departmental hearings, commissioner questions and public meetings. Los Angeles County faced a $37.6 billion budget deficit for fiscal year 2020-2021 and warned of massive layoffs. Cook County Board of Commissioners today approved a balanced $6.94 billion FY2021 budget that includes increased equity funding and no increases to existing taxes. Cook County Board President Toni Preckwinkle's plan to bridge a $409.2 million budget deficit is expected to include layoffs and the loss of hundreds of jobs through attrition. All Rights Reserved. Cook County Government. At Cook County Health, 130 people could be laid off as part of a proposed plan to address a separate $187 million budget deficit, though officials say the number of layoffs could wind up being half that by the time the spending plan is final. Today, the Cook County Board of Commissioners approved a balanced $6.94 billion FY2021 budget developed through an equity lens and aimed at advancing Cook County Board President Toni Preckwinkle’s work on criminal justice reform, public health, infrastructure and economic development without the need to increase existing taxes. Introduction. “This is a balanced budget, without tax increases, that makes millions of dollars in important equity investments made possible because of our hard work, tough decisions and avoiding quick fixes,” said President Preckwinkle. The FY2018 budget presented by Cook County President Toni Preckwinkle had relied on the sweetened beverage tax to cover just over $200 million of the county’s projected expenditures on services. An interactive budget has been recently launched  providing interactive historic data and detailed budget information. $5 million will go to anti-recidivism, violence prevention, restorative justice and youth development programming. The tax lasted just four months — it went into effect on Aug. 2, 2017 and ended on Dec. 1, 2017. Despite the enormous budget pressures caused by the pandemic, the $6.94 billion budget continues to be driven by several policy goals to ensure vital health care access for vulnerable residents, foster a fair justice system aimed at violence prevention and reducing recidivism, provide economic development to under-resourced communities, and invest in infrastructure while also promoting long-term fiscal stability. The County’s position count is now under 22,000 employees for the first time since President Preckwinkle took office.​ This means departments are being asked to do more with less during these exceedingly difficult times. A key measure Gov. unless the reduction is authorized by the Cook County Board of Commissioners pursuant to the implementation of shutdown days, a furlough program, unpaid holidays or another program established to address a budget deficit, or loss in salary resulting from unpaid leave or days. ‘Everything On The Table’ To Close Cook County’s $220 Million Budget Gap. Cook County’s proposed budget total in 2020 likely will be similar to the current $5.9 billion budget. Thanks to structural budget decisions and savings achieved over the years, Cook County is anticipating the smallest operating deficit—$18.7 million—since Cook County Board President Preckwinkle took office in 2010 when the budget deficit was $487.0 million. An interactive “Budget” section launched Tuesday on the Cook County government website lets residents take the county’s $3.1 billion budget into their own hands by adjusting current revenue and expenditure allocations to tweak the deficit total. 2021 Cook County Preliminary Forecast (17 MB) Volume I – Budget Overview FY20 Annual Appropriation (10.51 MB) Volume II – Department Line Item Budgets FY20 Annual Appropriation (3.29 MB) A New York hospital executive has been named to lead Cook County’s public health system, which faces a $187 million budget deficit for 2021. C O OK C OUNT YFI S C A L YE A R 2 019 • 2 Cook County Finance Committee Departmental Budget Hearings November 4, 2020 Cook County Health (CCH) Proposed 2021 Budget - $3,387B Proposed FTES for 2021 - 6743 2020 Budget Amount - $2,824 Billion 2020 Budget FTEs - 6601 Difference - Increase of $653M (20%) Difference - Increase of 142 1. C O OK C OUNT Y FI S C A L YE A R 2 0 2 0 • 2 On October 11, 2017, the Cook County Board of Commissioners voted to repeal a penny-per-ounce tax on sweetened beverages. Through expenditure reductions, a $40 million dollar additional tax allocation from the County, revenue from increased CountyCare membership, renegotiated reimbursement rates and modified direct payments from the State of Illinois, Cook County Health was able to close this gap while continuing to provide world-class services during the pandemic. But layoffs were avoided, in part, by requiring every department to cut spending by 8%. Cook County, Illinois, is readying new money and refunding deals totaling about $600 million after tackling a budget gap that ballooned due to the COVID-19 pandemic. Preckwinkle closed a $222.2 million gap in the general fund without the need for new taxes. Ashlee Rezin/Chicago Sun-Times, 2019. How would you fix Cook County’s $315 million budget shortfall? All FY2021 budget information has been posted to the Cook County website, allowing the public to review documents and engage with the President’s Office directly. It lasted four months -- from Aug. 2 to Dec. 1, 2017, the researchers said. J.B. Pritzker was counting on to help balance the budget hit a wall overnight in the Illinois House and died with the … It lasted four months -- from Aug. 2 to Dec. 1, 2017, the researchers said. Latest News Minnesota. The tax was pitched to reduce Cook County budget deficits. $5.8 million in capital investments for the continued development of an integrated property tax system that will make doing business with the County a lot easier for taxpayers. Already facing a $200 million shortfall due to usual revenue sources drying up, Cook County could be faced with an even larger budget shortfall ahead because of the pandemic. With the closing of a $187 million budget gap at the hospital system, Cook County closed a $400 million deficit without the need for new taxes. In her first-ever budget address, Preckwinkle outlined a 16 percent spending cut from almost every department in the county, concomitant with the 16 percent budget deficit facing the county. The tax was pitched to reduce Cook County budget deficits. That could mean new taxes, furloughs and layoffs. The $6.6 billion operating budget is an increase of $736.7 million, or 12.6%, from the FY2020 adopted budget of $5.9 billion. Cook County Health also had their hands full closing a $187 million gap. It lasted four months – from Aug. 2 … UNC-Chapel Hill has laid out plans to cut personnel costs by 3 percent and operating expenses by 15 percent over the next two years to make up … Roughly $152 million of the deficit comes from the Cook County Health and Hospitals System, which makes up about one-third of the county’s overall budget. While the health system pitched a balanced budget for 2020, it’s predicting deficits in 2021 and 2022 due to the massive tab of uncompensated care. The county faces an $18.7 million deficit, the lowest since Preckwinkle took office in 2011. A combination of financially responsible efforts, the use of rainy day savings, expenditure holdbacks, federal relief funding, higher than previously forecasted revenue, and vacancy reductions helped close a substantial general fund budget hole. The proposed budget does include reducing 659 full-time positions, with about 300 of them being eliminated in the sheriff's office. With the closing of a $187 million budget gap at the hospital system, Cook County closed a $400 million deficit without the need for new taxes. "The budget … Additionally, the County is relying on a one-time transfer of $77 million from its General Fund reserves that under normal circumstances would not be touched. Duluth, Cook County, Lake County, St. Louis County, Carlton County, Itasca County, Koochiching County, Lake of the Woods County, Minnesota. It lasted four months – from Aug. 2 to Dec. 1, 2017, the researchers said. Cook County will invest an additional $20 million over the next two years for programs related to justice reform through the Justice Advisory Council (JAC). Cook County Board President Toni Preckwinkle said Thursday “everything is on the table” as county officials brace for a budget gap the COVID-19 crisis has stretched to nearly $281 million for the rest of the fiscal year and possibly as much as $409 million for next year. unless the reduction is authorized by the Cook County Board of Commissioners pursuant to the implementation of shutdown days, a furlough program, unpaid holidays or another program established to address a budget deficit, or loss in salary resulting from unpaid leave or days. Preckwinkle highlighted a number of important items and investments in the budget that will be moving forward over the next two years: “During the challenging and extraordinary times, I am proud of putting forward a budget addressing the fallout of the pandemic and increasing equitable investment in Cook County without increasing taxes,” Preckwinkle added. Huge drops in sales and other taxes because of COVID-19 and increases in some costs have led to deep deficit. The county runs a two-hospital medical network and a … Higher than previously forecasted revenue figures primarily found in newer tax sources like cannabis, gaming and online sales, and $50 million in reimbursements through the federal CARES Act funding are the remaining elements that have helped balance this General Fund budget without the need for taxes. Cook County Board President Toni Preckwinkle's plan to bridge a $409.2 million budget deficit is expected to include layoffs and the loss of hundreds of jobs through attrition. Cook County Board President Toni Preckwinkle's plan to bridge a $409.2 million budget deficit is expected to include layoffs and the loss of hundreds of jobs through attrition. The Cook County Board of Commissioners approved Tuesday a balanced $6.94 billion FY2021 budget developed through an equity lens and aimed at advancing work on criminal justice reform, public health, infrastructure and economic development without the need to increase existing taxes. Based on the forecast released this summer, revenues are $129 million or 7 percent below the fiscal year 2020 adopted budget and expenses are $92.9 million or 5 percent above the fiscal year 2020 budget. The tax, which included both sugar-sweetened and artificially-sweetened diet beverages, was largely pitched as a way to reduce county budget deficits. Board of Commissioners of Cook County 118 North Clark Street Chicago, Illinois 60602 (312) 603-6400 TDD: (312) 603-5255 Toni Preckwinkle PRESIDENT October 9, 2014 To the Residents of Cook County, I am pleased to present to you the Cook County Executive Budget Recommendation for fiscal year 2015. $5 million will go to housing for those being released from the jail population and on electronic monitoring and $10 million to additional investments in access to justice programs and services. $2 million of the additional investment will go towards workforce training to meet the needs of high demand occupations and upskilling displaced workers. To close the General Fund gap, personnel expenses were reduced by approximately $61.3 million by eliminating 659 vacant full-time equivalent positions. Cook County officials plan to propose a $6.9 billion budget Thursday, closing a $409.2 million shortfall through a mix of layoffs, cutting vacant positions and tapping into reserves to effectively weather the long feared "rainy day" elected officials always worry about. Preckwinkle also highlighted the fact that Cook County has provided supplemental pension payments of almost $1.6 billion dollars above the required contribution since 2016, significantly reducing the unfunded pension liability with another supplemental pension payment of over $300 million this year included in the budget. In the recommendation that Cook County Board President Toni Preckwinkle is expected to unveil for the county's general operating budget, 659 vacant positions -- 300 of them in the sheriff's office -- are slated to be cut as part of a plan to close a gap of $222.2 million. • For the full report, visit chicago.suntimes.com. During her tenure, her office has reduced deficits by 96%. $13 million is going to expand housing assistance and support for legal aid and foreclosure mediation while providing residents with food, utility and direct cash assistance. With the closing of a $187 million budget gap at the hospital system, Cook County closed a $400 million deficit without the need for new taxes. CARES Act Information for Local Governments, Freedom of Information Act for Offices under the President, Office of the Independent Inspector General, Cook County Earned Sick Leave Ordinance and COVID-19, Information Regarding Your Pets and COVID 19, Cook County's Resources and Response to Coronavirus (COVID-19). Out of a $3.1 billion budget, the deficit is roughly $487 million. Last week, Moody's and Fitch both re-affirmed the county's stable outlook and credit ratings at A2 and A+, respectively. Cook County officials are bracing for a $222 million deficit for fiscal year 2021. The Bureau of Economic Development will be investing an additional $20 million over the next two years in aid to our business communities and residents in greatest need, with $5 million to expand support for small businesses, increase coaching and training for M/WBEs, build an integrated small business ecosystem, and catalyze innovation in manufacturing. With the closing of a $187 million budget gap at the hospital system, Cook County closed a $400 million deficit without the need for new taxes. With approvals from the Cook County and Metra Boards, we are targeting January for the fair transit pilot program launch to assist residents in the southern portion of our County with more frequent, affordable and accessible transportation options and ensure that residents on the South Side of Chicago and in the south suburbs have better access to transit. Robert McKenzie Wednesday, November 4, 2020. 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