Budget and Financial News

“The Cook County Board approved an ordinance on July 24, 2012 to introduce a new credit structure and capital funding source for County highway projects.
Cook County Board President Toni Preckwinkle and Chicago Mayor Rahm Emanuel today announced that in the first year of the City-County collaboration, $33.4 million has been saved, and that over 85 percent of the savings will recur on an annual basis.
Cook County Board President Toni Preckwinkle today released the preliminary budget for Fiscal Year 2013, projecting a shortfall of $267.5 million. The latest projection is a clear sign of the progress being made to stabilize County finances after pr