Board of Commissioners of Cook County - File #: 25-1108

• File #: 25-1108
• Version: 1
• Name: Quarterly Update of the Long-Term Revenue Forecast
• Type: Report
• Status: Agenda Ready
• File created: 1/23/2025
• In control: Board of Commissioners
• On agenda: 2/6/2025
• Title: REPORT Department: Bureau of Finance Report Title: Quarterly Update of the Long-Term Revenue Forecast Report Period: FY2025 - FY2029 Summary: In accordance with Sec. 2-78.b of the Cook County Code of Ordinances, we have provided the attached quarterly report updating the five-year revenue forecast developed by the Office of the Chief Financial Officer. We respectfully request that this report be received and filed. The following report provides an update between the Long-Term Financial Plan provided to the Independent Revenue Forecasting Commission and posted on the County's website in October 2024, and the most up-to-date forecast. This report includes a variance analysis comparing the two forecasts and provides an explanation for any significant variances. A summary of the impact of the revenue projections on our long-term expense projections for both the General and Health Funds is also included. We conclude with FY2025 project plans and an update on recent regional an...
• Indexes: TANYA S. ANTHONY, Chief Financial Officer, Bureau of Finance

title

REPORT

Department:  Bureau of Finance 

Report Title:  Quarterly Update of the Long-Term Revenue Forecast

Report Period:  FY2025 - FY2029 

Summary:  In accordance with Sec. 2-78.b of the Cook County Code of Ordinances, we have provided the attached quarterly report updating the five-year revenue forecast developed by the Office of the Chief Financial Officer. We respectfully request that this report be received and filed.

The following report provides an update between the Long-Term Financial Plan provided to the Independent Revenue Forecasting Commission and posted on the County’s website in October 2024, and the most up-to-date forecast. This report includes a variance analysis comparing the two forecasts and provides an explanation for any significant variances. A summary of the impact of the revenue projections on our long-term expense projections for both the General and Health Funds is also included. We conclude with FY2025 project plans and an update on recent regional and relevant economic activity.

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