Notes potential future fiscal challenges while highlighting smallest gap since taking office
Today, Cook County issued a notice to employees regarding the Minimum Wage Ordinance (MWO).
Effective July 1, 2022, the minimum wage will increase to $13.35 for non-tipped workers and $7.40 for tipped employees.
First steps in planned $700 million for community programs over next several years
Today, the Cook County Board of Commissioners approved a balanced $8 billion FY2022 budget which equitably addresses the County’s ongoing pandemic response efforts while not increasing taxes or cutting critical services.
We are pleased with Fitch Ratings decision to upgrade Cook County’s ratings from A+ to AA- with a stable outlook. Furthermore, S&P also moved the outlook for the County to stable from negative and Moody’s reaffirmed its rating as well.