Cook County officials hold line on property tax levy
Thursday, December 05, 2013
by Gregory Tejeda
The Cook County Board gave its approval Wednesday to a property tax levy for the upcoming year that they say remains at the same level it has been for years.
By a 15-0 vote, the board approved a levy asking for $727.79 million for the 2014 fiscal year. Of that total, $187.38 million would go toward the fund covering county health programs, including the Stroger Hospital in Chicago.
An additional $308.48 million would be for the corporate purposes fund, while $40.13 million would be for the county’s public safety fund.
Ivan Samstein, the chief financial officer for the county’s Bureau of Finance, said the levy total is “identical to what is called for in the budget resolution.”
He also said the county has managed to keep its levy at a similar level in recent years by controlling its overall spending.
County Board President Toni Preckwinkle said county government has maintained its tax levy at the “same level since 1996.”
Samstein said part of what helped the county this year is that there are expiring tax increment financing districts that will add $1.91 million in property value to the county tax rolls, which Commissioner Jerry Butler, D-Chicago, said was a concern.