Investor Relations

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Terms of Use and Disclaimer: You must review and understand the following information before accessing this website. Your access to and use of this website and this particular webpage (collectively, "website") is subject to the terms and conditions contained herein, as well as all applicable securities law.

Cook County is dedicated to providing a high level of public service delivery while minimizing the use of taxpayer resources. The County recognizes that the best method of achieving this goal is to incorporate strong, goal-oriented financial policies and practices into all of its operations. Through the use of strategic business planning and a sound resource allocation process, the County strives for fiscal resiliency that will ensure its core functions and missions are met even in the face of economic adversity.

The County strives to maintain open and transparent communications regarding current and future financial conditions and to provide this information on a timely basis with bond investors, credit rating institutions, capital market paricipants, lending institutions, underwitiers and financial advisors. The information on this investor relations site is intended to provide an informational resource for the County's finances.

Please visit the right side of this page for Cook County financial reference information including the County's Comprehensive Annual Financial Report (CAFR) which is available on the Comprehensive Financial Reports page.

Below are some additional external links that may be helpful:

  • EMMA (External Website)
  • County Employee's Annuity and Benefit Fund of Cook County (External Website) - The County Employees' and Officers' Annuity and Benefit Fund of Cook county is a separate unit of government that administers a defined benefit plan created by acts of the Illinois State Legislature to provide retirement and disability benefits to qualified employees of Cook County

Bonds or notes may only be purchased through a broker and through an official statement.


Current Bond Offerings

Cook County issues bonds pursuant to the County’s home rule powers under the 1970 Constitution of the State of Illinois and an authorizing Ordinance adopted by the Cook County Board of Commissioners.

Bond funds are used to finance various county projects and to refinance outstanding bonds.  General Obligation bonds are secured by the County’s General Obligation Unlimited Tax pledge and benefit from a designated property tax levy that is unlimited as to rate or amount.  Under County Ordinance, funds raised by such levies are remitted directly from the County Treasurer to the designated trustee for the bonds.  Accordingly, these levied amounts do not pass through, nor are they set-off from, the County’s General Fund or related operating accounts.

Current Offerings

Cook County does not have any offerings at this time.


Bond Official Statements

The official statements below provide detailed information about the outstanding bonds issued by the County. The full faith and credit of the County is pledged to the punctual payment of the principal and of interest on General Obligation bonds, with a pledge of home rule sales tax revenues securing the associated sales tax revenue bond issues.

Bond Official Statements

 

Credit Agreements

The County is a party to various credit agreements, including short term notes, Direct Pay variable rate agreements , Direct Placement variable rate agreements, and an operating Line of Credit.  Current credit agreements that the county is a party to are made available below.

Revolving Line of Credit (Tax-Exempt)

Series 2014D

Direct Pay Agreements

Series 2004D

Direct Purchase Agreements

Series 2012A

Series 2012B

Series 2014C

Line of Credit Agreements


Current Bond Ratings

Cook County General Obligation Bond Ratings

  • Standard & Poor's: AA- (Stable)
  • Moody's Investors Service: A2 (Stable)
  • Fitch Ratings: A+ (Stable)

Current Cook County Sales Tax Bond Rating

  • Standard & Poor's: AAA

     

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