Cook County Property Tax Bridge Fund

Service Information

Property Tax Bridge Fund

Cook County’s Property Tax Bridge Fund Program is making hundreds of millions of dollars in no interest loans available to local governments and taxing districts. Qualifying taxing bodies such as municipalities, park districts, schools, etc. will be able to apply for a short-term loan with the County.

The application window is September 18, 2025 - October 3, 2025. Each local taxing district interested in receiving a loan will need to complete an application and upload the required supporting documents for review by the County.

Eligibility Requirements

Local taxing districts meeting all the following eligibility requirements are encouraged to apply for a loan:

  • Applicants must demonstrate that they have less than four months or 120 days of cash on hand
  • Current ratings of “Baa1” from Moody’s, “BBB+” from S&P, and “BBB+“ from Fitch or lower. Unrated entities are eligible for the program.
  • Applicant must be located in suburban Cook County
  • Paper Districts are excluded: These are any local taxing districts that pass through property tax collections to a third party for provision of services
  • Overlapping Districts are excluded: Any local taxing district with more than 1/3 of its jurisdiction outside of the County is ineligible

Loan Limitations

In order to determine each applicant’s loan, the County has established the following metrics:

  • First, Cook County will establish the maximum loan amount for each local taxing district applicant which is the applicant’s extension (or levy) multiplied by the collection rate divided by three.
  • Once the maximum loan amount is established, we will determine the loan based on the available cash on hand:
    • If a borrower has 60 days or less, they will receive 100% of the maximum loan available to them
    • If a borrower has 61-90 days cash on hand, they will receive 75% of the maximum loan
    • If a borrower has 91-120 days cash on hand, they will receive 50% of the maximum loan. No borrower will receive a loan for less than $20,000.

Applications

The County's streamlined and secure application portal is available at https://apps.cookcountyil.gov/BridgeFund. This portal allows local taxing jurisdictions to submit applications and supporting documents for the Bridge Fund Program. A helpful presentation walking through the process is also available here.

If you have collected the required documents and financial information, you can submit them with your application to the County’s online portal. You can click on the document links below to see a sample version of what needs to be collected and submitted.

Technical Assistance

The Cook County Bureau of Finance Transformation Office (FTO) will provide Technical Assistance and Support for Cook County Local Taxing Jurisdictions applying for these funds. As part of the Technical Assistance, the County will hold Open Office Hours, create an informational newsletter, which will include FAQs and other relevant resources, and provide Individual Assistance.

Frequently Asked Questions

A document with answers to some frequently asked questions is now available providing helpful answers to common questions. This document will be updated regularly.

If you have any specific questions not addressed here, please email bridgefund@cookcountyil.gov.

Related Links

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