Board of Commissioners of Cook County - File #: 23-1270

• File #: 23-1270
• Version: 1
• Name: Quarterly Update of the Long-Term Financial Forecast
• Type: Report
• Status: Filed
• File created: 1/31/2023
• In control: Finance Committee
• On agenda: 2/9/2023
• Final action: 3/16/2023
• Title: REPORT Department: Office of the Chief Financial Officer Report Title: Quarterly Update of the Long-Term Revenue Forecast Report Period: FY2022-FY2026 Summary: The following report provides an update between the Long-term Financial Plan provided to the Independent Revenue Forecasting Commission (IRFC) and posted on the County's website in October 2022, and most up-to-date forecast. This report includes a variance analysis comparing the two forecasts and provides an explanation for the significant variances, along with additional supporting details outlining progress made on the County's sales tax projections. 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 FY2023 project plans and an update on recent regional and relevant economic activity
• Indexes: TANYA S. ANTHONY, Chief Financial Officer, Bureau of Finance

Date	Ver.	Action By	Motion	Result
3/16/2023	1	Board of Commissioners	receive and file	Pass
3/15/2023	1	Finance Committee	recommend for receiving and filing	Pass
2/9/2023	1	Board of Commissioners	refer	Pass

title

REPORT

Department:  Office of the Chief Financial Officer 

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

Report Period:  FY2022-FY2026 

Summary:  The following report provides an update between the Long-term Financial Plan provided to the Independent Revenue Forecasting Commission (IRFC) and posted on the County’s website in October 2022, and most up-to-date forecast. This report includes a variance analysis comparing the two forecasts and provides an explanation for the significant variances, along with additional supporting details outlining progress made on the County’s sales tax projections.  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 FY2023 project plans and an update on recent regional and relevant economic activity 

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