Budget and Financial News
A recent Illinois Supreme Court decision will allow Cook County to collect about $3 million in unpaid taxes, as well as generate another $1 million in tax revenue annually from Midwest Gaming, owner and operator of Rivers Casino in Des Plaines.
We appreciate that Fitch Ratings recognizes our efforts to help address the solvency of the Cook County Pension Fund.
The Cook County Board of Commissioners today approved the FY 16 budget, a comprehensive plan to increase efficiency, cut the County’s tax-supported expenditures by almost $112 million and address long-term fiscal challenges.
Today, with the support of the Board of Commissioners, we successfully culminated months of work with passage of the FY 16 budget.
I am grateful to Chairman Daley and the Commissioners who supported the revenue proposals we brought today before the Finance Committee.