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PROPOSED RESOLUTION
CREATION OF SPECIAL PURPOSE FUND FOR EQUITY AND INCLUSION
WHEREAS, in accordance with FY 2021 budget recommendation, Cook County's FY 2021 Budget and Appropriation Bill (the "FY 2021 Budget") approved by the Cook County Board of Commissioners (the "Board") seeded nearly $100 million to be allocated through November 2022 to address historical disparities and disinvestment in Black and Latinx communities as well as other communities that are marginalized or have experienced other social and economic disparities; and
WHEREAS, combined with other equity-focused initiatives, it is anticipated that Cook County will invest additional funds in Fiscal Year 2022; 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, the FY 2021 Budget included an equity investment towards healthcare, justice and economic initiatives: and
WHEREAS, to ensure that Cook County secures the remaining seeded investment of nearly $100 million dollars (the "Initial Investment") towards equity initiatives in the FY 2021 Budget, the Budget Director and Comptroller shall create a Special Purpose Fund for equity and inclusion initiatives and other accounting measures that may be necessary to hold and track the use of such funds.
NOW THEREFORE BE IT RESOLVED, that the Cook County Budget Director and Comptroller are authorized to create and implement a Special Purpose Fund for equity and inclusion (the "Equity Fund"), and the remaining Initial Investment will be earmarked for initiatives therein; and
BE IT FURTHER RESOLVED, that the Budget Director and Comptroller shall be authorized to transfer the remaining Initial Investment within the FY 2021 Budget into the Equity Fund an...
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