PROPOSED AMENDMENT TO ITEM 16-5932
(Finance Public Hearing and Committee 11/10/2016)
UPDATED WITH SPONSORS ADDED
Sponsored by: TONI PRECKWINKLE, President, and JOHN P. DALEY, STANLEY MOORE, LARRY SUFFREDIN, LUIS ARROYO JR., RICHARD R. BOYKIN, JERRY BUTLER, JOHN A. FRITCHEY, BRIDGET GAINER, JES?S G. GARC?A, GREGG GOSLIN, EDWARD M. MOODY, SEAN M. MORRISON, TIMOTHY O. SCHNEIDER, PETER N. SILVESTRI, DEBORAH SIMS, ROBERT B. STEELE and JEFFREY R. TOBOLSKI, Cook County Board of Commissioners
PROPOSED RESOLUTION
FISCAL YEAR 2017 REVENUE INITIATIVE AND MODIFICATION OF FUTURE COOK COUNTY HOME RULE AND PROPERTY TAXES
WHEREAS, since FY 2011, the overall full time employee positions ("FTE") have decreased by over 2,000 FTE's, with the General, Health and Grant Funds realizing a 10% reduction since FY 2011; and
WHEREAS, through the passage of the FY 2016 Annual Appropriation Bill, Cook County Board President, Toni Preckwinkle ("President") and the Cook County Board of Commissioners took significant steps to promote the long-term sustainability of County government; and
WHEREAS, given the fiscal challenges facing the County in FY 2016, additional expenditure reductions and new sources of revenue were implemented in order to begin to address the County's long-term needs in a responsible manner so as not to unduly burden the children and grandchildren of current taxpayers with extensive debt and unfunded pension liabilities at the County Employees' and Officers' Annuity and Benefit Fund of Cook County; and
WHEREAS, despite efforts to continue to stream line services and hold the line on revenue increases in FY 2017, the County's Preliminary Budget forecast released in June projected a budget shortfall of $174.3 million for FY 2017; and
WHEREAS, the fact remains that 87% of the County's operating budget goes to Public Health and Public Safety; revenues fail to keep pace with the rate of inflation; and technology, pharmaceutical and other costs have historically exceed...
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