Cook County Board of Commissioners
Special Meeting on July 16, 2020
Following are more details regarding each of these items:
Agenda Item 20-3165: Preliminary Budget Forecast
FY2020 Forecast: Total operating budget shortfall of $280.3 million, composed of
Agenda Item 20-3228: Resolution Allocating Cook County Coronavirus Relief Funds to Suburban Municipalities and other Units of Local Government.
The County received a total of $429 million under the CARES Act, most of which is being used to cover the County’s costs. Chicago is not included under this allocation because it directly received its own allocation under the CARES Act of $470 million.
Agenda Item 20-3229: Resolution allocating a portion of the $429M in CARES Funds the County received for economic development. Resolution states that $133 M allocated to address impact of COVID on communities: $51 M to communities (what the Agenda Item 20-3228 above is allocating) and $82M distributed by the Bureau of Economic Development ($10M, of which has already been provided in loans). Under this Resolution the following allocations are made:
The Commissioners will be given more detailed information about this proposal in the coming weeks prior to the vote.
Priscilla Mims, League observer
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