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Meeting date/time:
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7/16/2020
10:00 AM
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Minutes status:
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Final
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Meeting location:
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Virtual Meeting
Special Meeting
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Attachments:
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To comment on an item on this agenda, click here, Click to watch live, Public Speakers County Building 07.16.2020.pdf, Public Comments for the Special County Board Meeting 07.16.2020.pdf, Mayor Andre Harvey Village of Bellwood, Illinois.PDF, Mayor Frank Podbielniak Village of Posen.pdf, Mayor Katrina R. Thompson Village of Broadview.pdf, Mayor Rory E. Hoskins Village of Forest Park.pdf, Mayor Tyrone Ward Village of Robbins, Illinois.pdf, President Edwenna Perkins Village of Maywood.pdf, President Rick Reinbold Village of Richton Park.pdf, President Robert Kolosh Village of Thornton.pdf, Errata for 7-16-2020 Special County Board Meeting.pdf, Deidra Jackson Oak Park IL.pdf, Congressman Mike Quigley_ COVID letter 16 July 2020.pdf, Debbie Meyers-Martin, Illinois House of Representatives.pdf, Mayor Michelle Qualkinbush Calumet City.pdf, Mayor Robert Polk Village of Burnham letter.pdf, Mayor Patricia Eidam Village of Lansing.pdf, Cook County COVID-19 Financial Response Plan Presentation - Special Board Meeting 7-16-20 Final.pdf, Public Comments for the Special County Board Meeting 07.16.2020 - Second Set.pdf, President Richard Hofeld Village of Homewood.pdf, Mayor Domingo F. Vargas City of Blue Island.pdf, Village President Terry Matthews, South Chicago Heights.pdf, Chris Welch, Illinois House of Representatives.pdf
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20-3165
| 1 | | FY2021 Preliminary Forecast | Report | REPORT
Department: Department of Budget & Management Services
Report Title: FY2021 Preliminary Forecast
Report Period: December 1, 2019 - November 30, 2020 and December 1, 2020 - November 30, 2021
Summary: Pursuant to Section 2-933 of the Cook County Code of Ordinances, the Department of Budget & Management Services (DBMS) submits the attached FY2021 Preliminary Forecast, which presents a mid-year projection of FY2020 year-end revenues and expenses and an initial forecast of the FY2021 revenues and expenditures.
For Fiscal Year 2020, DBMS projects a budget shortfall of $219.7 million in the County’s General Fund and $60.6 million in the County’s Health Fund, for a total operating fund deficit of $280.3 million.
For Fiscal Year 2021, DBMS forecasts a budget shortfall of $222.2 million in the County’s General Fund and $187.4 million in the County’s Health Fund, for a total operating fund deficit of $409.6 million.
DBMS will formally introduce this item at the Special Meeting of the Cook County Board of Commissioners scheduled for July 16, 2020. | refer | Pass |
Action details
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Not available
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20-3228
| 1 | | ALLOCATION OF COOK COUNTY CORONAVIRUS RELIEF FUNDS TO SUBURBAN MUNICIPALITIES AND OTHER UNITS OF LOCAL GOVERNMENT | Resolution | PROPOSED RESOLUTION
ALLOCATION OF COOK COUNTY CORONAVIRUS RELIEF FUNDS TO SUBURBAN MUNICIPALITIES AND OTHER UNITS OF LOCAL GOVERNMENT
WHEREAS, on March 13, 2020, the President of the United States issued a Proclamation on Declaring a National Public Health Emergency as a result of the COVID-19 outbreak; and
WHEREAS, on March 27, 2020, the President of the United States signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”); and
WHEREAS, the CARES Act established the Coronavirus Relief Fund (“CRF”), which provides aid to certain eligible local governments to address necessary expenditures due to the COVID-19 Public Health Emergency; and
WHEREAS, Cook County qualified as an eligible local government and received CRF funding from the U.S Department of Treasury; and
WHEREAS, federal guidance issued by the U.S. Department of Treasury indicates that a unit of local government may transfer a portion of its CRF funding to a smaller unit of local government provided that such transfer qualifies as a “necessary expenditure” to the Public He | approve | Pass |
Action details
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Not available
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20-3229
| 1 | | ECONOMIC DEVELOPMENT INITIATIVES TO IMPLEMENT THE COOK COUNTY COVID-19 RESPONSE PLAN: FROM RAPID RESPONSE TO EQUITABLE RECOVERY | Resolution | PROPOSED SUBSTTTUE TO FILE 20-3229
PROPOSED RESOLUTION
ECONOMIC DEVELOPMENT INITIATIVES TO IMPLEMENT THE COOK COUNTY COVID-19 RESPONSE PLAN: FROM RAPID RESPONSE TO EQUITABLE RECOVERY
WHEREAS, on March 13, 2020, the President of the United States issued a Proclamation, declaring a National Public Health Emergency as a result of the COVID-19 outbreak; and
WHEREAS, on March 27, 2020, the President of the United States signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”); and
WHEREAS, the CARES Act established the Coronavirus Relief Fund (“CRF”), which provides aid to eligible local governments to address necessary expenditures due to the COVID-19 Public Health Emergency; and
WHEREAS, on April 7, 2020, President Preckwinkle issued Executive Order 2020-9 which authorized the Cook County Bureau of Economic Development (BED) to develop, establish and administer a loan and technical assistance program for small businesses located in suburban Cook County in the amount of $10 M; and
WHEREAS, Cook County qualified as an eligible local gov | refer as amended in the errata | Pass |
Action details
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Not available
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