https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4761102&GUID=19C920C5-13B2-4FB6-9867-3BDE269C8E0ELegistar15https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4761102&GUID=19C920C5-13B2-4FB6-9867-3BDE269C8E0E19C920C5-13B2-4FB6-9867-3BDE269C8E0E-2021-02-26-15-14-26Title: PROPOSED ORDINANCE AMENDMENT AMENDMENT TO TAXING DISTRICT DEBT DISCLOSURE ORDINANCE WHEREAS, there are currently 444 Tax Increment Financing (“TIF”) Districts in Cook County; and WHEREAS, over $1 billion of taxpayer money goes to TIF Districts annually; and WHEREAS, transparency of government spending is necessary to ensure that government bodies can be held accountable by the taxpayers they serve; and WHEREAS, Illinois law does not currently mandate that municipalities report the vendors or other entities to which TIF District expenditures are made. NOW, THEREFORE, BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 2 Administration, Article IV Officers and Employees, Division 4 Treasurer, Subdivision 1 In General Section 2-243 of the Cook County Code is hereby amended as follows: Sec. 2-243. - Taxing district debt and Tax Increment Financing District costs disclosure. (a) Definitions. Actuarial accrued liability (AAL), other postemployment benefits (OPEB), unfunded actuarial accrued liability (UAAL), total pension liability (TPL)Fri, 26 Feb 2021 15:14:26 GMT