22-2779

Mon, 30 Jan 2023 17:40:38 GMT

File #: 22-2779
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION PROGRAM ALLOCATION FOR BUDGETED FY 2022 EQUITY AND INCLUSION SPECIAL PURPOSE FUNDS WHEREAS, in October 2021, the Cook County Board of Commissioners passed Resolution No. 21-5542 creating a special purpose fund for Equity and Inclusion (“Equity Fund”) dedicated to addressing historical disparities and disinvestment communities that are marginalized or have experienced other social and economic disparities; and WHEREAS, seeding money for equity investment in fixed charges as well as directly to the Cook County Health and Hospitals System was an important step taken by Cook County to address racial disparities and build on the Cook County Policy Roadmap commitment to advancing equitable policies and addressing systemic disparities; and WHEREAS, Cook County incorporated the initial FY 2021 $40M Equity Fund investment into the FY 2022 Budget and an additional $10M from the County’s surplus fund balance from the end of FY21 has been allocated in the County’s fixed charges for transfer into the Equity Fund; and WHEREAS, the remaining Equity Funds are b
Action: recommend for approval
Result: Pass

Board of Commissioners of Cook County - Meeting of Finance Committee on 5/9/2022 at 5:30 PM

22-2779