Suffredin- For a Better Cook County  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
  Cook County Hospital fills more outpatient prescriptions every day than are filled at 26 Walgreen's drug store combined.
   
     
     
     



Cook County Budget Proposal Gets Thumbs Up From Watchdog Despite Pending Pension 'Peril'

Friday, October 26, 2012

CHICAGO, Oct 26 (Reuters) - A proposed $2.9 billion fiscal 2013 operating budget for Cook County, Illinois, takes steps to address significant financial challenges, however a big pension problem is looming, a government finance watchdog group said on Friday.

The Chicago-based Civic Federation said the budget unveiled by County Board President Toni Preckwinkle last week tackles a $267.5 million shortfall with spending cuts, revenue enhancements and expanded Medicaid funding, while keeping the property tax levy nearly flat and phasing out a sales tax hike enacted in 2008.

"These spending cuts, together with initiatives like performance management and managed competition, are making Cook County government a more efficient and accountable steward of public resources," said Civic Federation President Laurence Msall in a statement.

The county is still projecting growing structural deficits in the future as healthcare and personnel costs are expected to rise and revenue is projected to fall, the group said.

Also, the funded rate for the county's public pensions dropped to 57.5 percent in fiscal 2011 from 74.7 percent in fiscal 2002 due mainly to insufficient investment returns and employer contributions, according to the Civic Federation. A funded rate of 80 percent is generally considered healthy.

"The county's pension fund has not yet reached the tipping point of financial peril but it will be soon without action," said Msall.

Preckwinkle's budget, which is awaiting a vote by the Cook County Board of Commissioners, included a tax of 5 cents per bullet and $25 on each firearm sold to generate an estimated $1 million to defray healthcare expenses associated with gun violence.

The spending plan for the nation's third most populous county also takes on smoking and gambling by calling for a $1 increase in the county's current $2 per pack cigarette tax to raise $25.6 million and an annual $800 per year tax on video gambling machines to generate $1.3 million.

Preckwinkle also proposed a 1.25 percent use tax on major purchases of goods outside of Cook County by county residents and businesses that is expected to bring in $15 million for the budget.


Recent Headlines

Subject: North Shore Mosquito Abatement District - Open House - October 11, 2017
Monday, September 25, 2017
Special to suffredin.org

Morning Spin: Coke, Pepsi, Dr Pepper give campaign cash in soda tax fight
Thursday, September 21, 2017
Chicago Tribune

Cook County’s ‘health’ lie, in black and white
Thursday, September 21, 2017
Chicago Tribune

Illinois Medical District to get largest ambulance garage in Cook County
Wednesday, September 20, 2017
Crain's Chicago Business

Family Health Network Members Join CountyCare
Wednesday, September 20, 2017
Special to suffredin.org

Cook County Health to buy piece of struggling insurer's Medicaid biz
Wednesday, September 20, 2017
Crain's Chicago Business

Chief judge names acting public guardian for Cook County
Wednesday, September 20, 2017
Chicago Tribune

Cook County sweetened beverage sales continue to decline
Tuesday, September 19, 2017
Chicago Sun-Times

New bond court rules take effect, but not much of an effect
Tuesday, September 19, 2017
Chicago Sun-Times

Bond court gets underway in Cook County with different judges, new guidelines
Monday, September 18, 2017
Chicago Tribune

Harwood Heights adds retail theft as ordinance violation
Monday, September 18, 2017

Cook County’s Homeland Security interim chief resigns
Monday, September 18, 2017
Chicago Sun-Times

Cook County's social worker for the dead helps the unclaimed find final resting places
Monday, September 18, 2017
Chicago Tribune

After legal challenges, Cook County's court for unwed parents quietly goes away
Monday, September 18, 2017
Chicago Tribune

Welcome to Cook County, Mayor Bloomberg. You're getting played on the soda tax.
Friday, September 15, 2017
Chicago Tribune

Evans reshuffles bond court; meet the ‘Pretrial Division’
Friday, September 15, 2017
Chicago Daily Law Bulletin

Editorial: The Cook County Board's legacy: Killing Cook County jobs
Friday, September 15, 2017
Chicago Tribune

If the soda tax were out of sight, would it be out of mind?
Friday, September 15, 2017
Chicago Tribune

Cook County Board delays showdown over soda tax until October 10, and other Chicago news
Thursday, September 14, 2017
Chicago Reader

City reports record number of Chicagoans with health insurance
Thursday, September 14, 2017
Crain's Chicago Business

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP