A recent mid-year report issued by Cook County provides more details on the budget difficulties facing the County’s public health system in the 2011 fiscal year that ends on November 30, 2011. The required FY2011 county subsidy to the Cook County Health and Hospitals System is estimated at $371.2 million, according to data in the report. That compares with a budgeted subsidy for the year of $280.…
The Illinois Department of Revenue announced today that the final equalization factor for the Cook County 2010 property assessment year (taxes payable in 2011) is 3.3000. The final equalization factor was calculated after the Cook County Board of Review finished hearing appeals and certified the final assessments for 2010. The tentative equalization factor of 3.1773, which reflected the Cook…
In many of its past reports, the Civic Federation has recommended that local governments integrate performance management into their budgeting process and make that information public. In the Cook County Modernization Report released last fall, the Civic Federation recommended that the County make full implementation of performance-based budgeting a priority. The data should be a mix of…
Since Cook County passed its FY2011 budget in February 2011, it has been evident that the County’s public health system would face major hurdles in achieving the budget goals. The size of those hurdles became clearer on June 24, 2011 at a meeting of the Board of Directors of the Cook County Health and Hospitals System. The Health System is expected to be slightly under budget on expenses for…
The Illinois Department of Revenue has announced that the tentative equalization factor for the Cook County 2010 property assessment year (taxes payable in 2011) is 3.1773. The final equalization factor cannot be calculated until the Cook County Board of Review has finished hearing appeals and has certified the final assessments for 2010. That process may take several more weeks or…
UPDATE: The proposal to allow the Blue Park Gun Club the use of Forest Preserve District property for its operations was withdrawn, after significant urging from the Friends of the Forest Preserve. Cook County Commissioner Joan Murphy, one of the sponsors of the resolution, withdrew the proposal when Cook County Board President Toni Preckwinkle said she would not support the issue. Commissioner…
A key component of Cook County’s plan to remake its public health system was rejected by a State of Illinois board on May 10, 2011, adding to concerns that the County might have difficulties implementing its FY2011 budget. At a meeting in Joliet, the Illinois Health Facilities and Services Review Board (Health Facilities Board) rejected by one vote the request to end inpatient and emergency room…
The Civic Federation sent the following letter to the Illinois Health Facilities and Services Review Board in support of a plan by the Cook County Health and Hospitals System to discontinue acute-care hospital services at Oak Forest Hospital in favor of expanded outpatient care. As discussed previously on this blog, the Review Board rejected the plan by a vote of 3 to 2 on March 21, 2011. Under…
The three largest municipal governments analyzed by the Civic Federation are the Chicago Public Schools (CPS), the City of Chicago and Cook County. All three began their FY2011 budget processes projecting large budget shortfalls: CPS projected a gap of $370 million, the City of Chicago projected a gap of $655 million and Cook County projected a gap of $487 million.[1] These budget…
The Civic Federation analyzes the budgets of nine Chicago area local governments. One important indicator that the Federation utilizes to assess the financial health of these municipalities is their fund balance level. In particular, we examine the balance within the general fund that does not have any external legal restriction, called the unrestricted fund balance. Fund balance differs from net…
