Meeting Name: Finance Committee Agenda status: Final
Meeting date/time: 7/15/2015 10:00 AM Minutes status: Final  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Public Hearing..
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Errata 7-15-15 Finance public hearing.pdf, Amendment to File ID 15-4291 (Commissioner Boykin).pdf, Amendment to File ID 15-4292 (Commissioner Boykin).pdf, Amendment to File ID 15-4294 (Commissioner Boykin).pdf, Amendment to File ID 15-4292 (Commissioner Suffredin).pdf, Amendment to File ID 15-4294 (Commissioner Suffredin).pdf, PH written testimony Chicagoland.pdf, PH written testimony Markham.pdf, PH written testimony Pension.pdf, Fin PH written testimony7-15-15.pdf, FY 2016 Preliminary Budget Forecast, FIN 7-15-15 transcript public hearing and committee meeting.pdf
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
15-4291 1 RESOLUTION REGARDING PROPOSED AMENDMENTS TO THE COOK COUNTY’S HOME RULE RETAILER’S OCCUPATION AND SERVICE OCCUPATION TAXESResolutionPROPOSED RESOLUTION PROPOSED AMENDMENTS TO THE COOK COUNTY’S HOME RULE RETAILER’S OCCUPATION AND SERVICE OCCUPATION TAXES WHEREAS, Cook County Board President, Toni Preckwinkle (“President”) and the Cook County Board of Commissioners successfully reduced Cook County’s Retailer Occupation and Service Occupation Taxes (hereinafter referred to as “Sales Tax”) in 2012 and 2013 to address the economic reality at that time and to promote and ensure operational efficiencies and a streamlined County government; and WHEREAS, the Sales Tax reduction implemented by the President and the Cook County Board of Commissioners allowed approximately one and a half billion dollars to remain in the pockets of Cook County taxpayers during the 2011 through 2015 fiscal years; and WHEREAS, the Sales Tax reduction led to a downsized workforce, a reduction in non-essential expenditures, enhanced collaboration resulting in a more streamlined County government, reductions in the County’s Health System operating tax allocation, structured capital improvement plans, and a more efficient government; andamendFail Action details Not available
15-4291 1 RESOLUTION REGARDING PROPOSED AMENDMENTS TO THE COOK COUNTY’S HOME RULE RETAILER’S OCCUPATION AND SERVICE OCCUPATION TAXESResolutionPROPOSED RESOLUTION PROPOSED AMENDMENTS TO THE COOK COUNTY’S HOME RULE RETAILER’S OCCUPATION AND SERVICE OCCUPATION TAXES WHEREAS, Cook County Board President, Toni Preckwinkle (“President”) and the Cook County Board of Commissioners successfully reduced Cook County’s Retailer Occupation and Service Occupation Taxes (hereinafter referred to as “Sales Tax”) in 2012 and 2013 to address the economic reality at that time and to promote and ensure operational efficiencies and a streamlined County government; and WHEREAS, the Sales Tax reduction implemented by the President and the Cook County Board of Commissioners allowed approximately one and a half billion dollars to remain in the pockets of Cook County taxpayers during the 2011 through 2015 fiscal years; and WHEREAS, the Sales Tax reduction led to a downsized workforce, a reduction in non-essential expenditures, enhanced collaboration resulting in a more streamlined County government, reductions in the County’s Health System operating tax allocation, structured capital improvement plans, and a more efficient government; andrecommend for approvalPass Action details Not available
15-4291 1 RESOLUTION REGARDING PROPOSED AMENDMENTS TO THE COOK COUNTY’S HOME RULE RETAILER’S OCCUPATION AND SERVICE OCCUPATION TAXESResolutionPROPOSED RESOLUTION PROPOSED AMENDMENTS TO THE COOK COUNTY’S HOME RULE RETAILER’S OCCUPATION AND SERVICE OCCUPATION TAXES WHEREAS, Cook County Board President, Toni Preckwinkle (“President”) and the Cook County Board of Commissioners successfully reduced Cook County’s Retailer Occupation and Service Occupation Taxes (hereinafter referred to as “Sales Tax”) in 2012 and 2013 to address the economic reality at that time and to promote and ensure operational efficiencies and a streamlined County government; and WHEREAS, the Sales Tax reduction implemented by the President and the Cook County Board of Commissioners allowed approximately one and a half billion dollars to remain in the pockets of Cook County taxpayers during the 2011 through 2015 fiscal years; and WHEREAS, the Sales Tax reduction led to a downsized workforce, a reduction in non-essential expenditures, enhanced collaboration resulting in a more streamlined County government, reductions in the County’s Health System operating tax allocation, structured capital improvement plans, and a more efficient government; andreconsiderFail Action details Not available
15-4292 1 COOK COUNTY SERVICE OCCUPATION TAXOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT COOK COUNTY SERVICE OCCUPATION TAX NOW, THEREFORE BE IT ORDAINED, by the President and the Cook County Board of Commissioners that Chapter 74, TAXATION, Article V. - SERVICE OCCUPATION TAX, Sections 74-190 through 74-192 be amended as follows: ARTICLE V. - SERVICE OCCUPATION TAX Sec. 74-190. - Short title. This article shall be known and may be cited as the Cook County Home Rule County Service Occupation Tax Ordinance. Sec. 74-191. - Imposed. As authorized by 55 ILCS 5/5-1007 (home rule county service occupation tax law), a tax is imposed Countywide upon all persons in the County engaged in the business of making sales of service at the rate of one and one-quarter percent (1.25%) through December 31, 2011; one percent (1%) for the period of January 1, 2012 through December 31, 2012;and three-quarters percent (0.75%) through December 31, 2015; and one and three-quarters percent (1.75%) thereafter of the selling price of all tangible personal property transferred by such serviceperson either in the form of tangible personal property or in threcommend for approvalPass Action details Not available
15-4292 1 COOK COUNTY SERVICE OCCUPATION TAXOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT COOK COUNTY SERVICE OCCUPATION TAX NOW, THEREFORE BE IT ORDAINED, by the President and the Cook County Board of Commissioners that Chapter 74, TAXATION, Article V. - SERVICE OCCUPATION TAX, Sections 74-190 through 74-192 be amended as follows: ARTICLE V. - SERVICE OCCUPATION TAX Sec. 74-190. - Short title. This article shall be known and may be cited as the Cook County Home Rule County Service Occupation Tax Ordinance. Sec. 74-191. - Imposed. As authorized by 55 ILCS 5/5-1007 (home rule county service occupation tax law), a tax is imposed Countywide upon all persons in the County engaged in the business of making sales of service at the rate of one and one-quarter percent (1.25%) through December 31, 2011; one percent (1%) for the period of January 1, 2012 through December 31, 2012;and three-quarters percent (0.75%) through December 31, 2015; and one and three-quarters percent (1.75%) thereafter of the selling price of all tangible personal property transferred by such serviceperson either in the form of tangible personal property or in threconsiderFail Action details Not available
15-4294 1 COOK COUNTY RETAILERS’ OCCUPATION TAXOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT COOK COUNTY RETAILERS’ OCCUPATION TAX NOW, THEREFORE BE IT ORDAINED, by the President and the Cook County Board of Commissioners that Chapter 74, TAXATION, Article IV. - RETAILERS’ OCCUPATION TAX, Sections 74-150 through 74-152 be amended as follows: ARTICLE IV. - RETAILERS' OCCUPATION TAX Sec. 74-150. - Short title. This article shall be known and may be cited as the Cook County Home Rule County Retail Occupation Tax Ordinance. Sec. 74-151. - Imposed. As authorized by 55 ILCS 5/5-1006 (home rule county retailers' occupation tax law), a tax is imposed Countywide upon all persons in the County engaged in the business of selling tangible personal property at retail, at the rate of one and one-quarter percent (1.25%) through December 31, 2011; one percent (1%) for the period of January 1, 2012 through December 31, 2012; and three-quarters percent (0.75%) through December 31, 2015; and one and three-quarters percent (1.75%) thereafter of the gross receipts from such sales made in the course of such business. The tax shall be paid in the manner recommend for approvalPass Action details Not available
15-4294 1 COOK COUNTY RETAILERS’ OCCUPATION TAXOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT COOK COUNTY RETAILERS’ OCCUPATION TAX NOW, THEREFORE BE IT ORDAINED, by the President and the Cook County Board of Commissioners that Chapter 74, TAXATION, Article IV. - RETAILERS’ OCCUPATION TAX, Sections 74-150 through 74-152 be amended as follows: ARTICLE IV. - RETAILERS' OCCUPATION TAX Sec. 74-150. - Short title. This article shall be known and may be cited as the Cook County Home Rule County Retail Occupation Tax Ordinance. Sec. 74-151. - Imposed. As authorized by 55 ILCS 5/5-1006 (home rule county retailers' occupation tax law), a tax is imposed Countywide upon all persons in the County engaged in the business of selling tangible personal property at retail, at the rate of one and one-quarter percent (1.25%) through December 31, 2011; one percent (1%) for the period of January 1, 2012 through December 31, 2012; and three-quarters percent (0.75%) through December 31, 2015; and one and three-quarters percent (1.75%) thereafter of the gross receipts from such sales made in the course of such business. The tax shall be paid in the manner reconsiderFail Action details Not available