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REQUEST TO AMEND A PREVIOUSLY APPROVED ITEM
Department: Office of the President
Request: Requesting authorization for the Cook County Board of Commissioners to approve as amended
Item Number: 22-2779
Previously Approved Date: 5/12/2022
The resolution authorizes $50M of Equity Funds to be allocated; however, only allocated $45M amongst the various programs. The error was in the amount allocated to the Equity in Grantmaking initiative. The amendment is indicated by the underscored and stricken language.
RESOLUTION
SPONSORED BY TONI PRECKWINKLE, PRESIDENT
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 budgeted and allocated in the FY 2022 Budget; and
WHEREAS, through the Equity Fund, intentional investments from government resources are allocated to address historical and continued disparities and disinvestment, particularly in Black and Latine (as defined in the Equity Report) communities, and to bring advocates, service providers, ...
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