Cook County Faces $218 Million Budget Shortfall for 2025
Despite the deficit, officials promise no layoffs, program cuts, or tax hikes, with solutions to be proposed in October.
- The projected shortfall is the largest since 2021, driven by employee raises and increased pension payments.
- Cook County expects to end 2024 with a $367 million surplus, partly due to higher sales tax receipts and investment income.
- Officials are exploring various funding options, including using reserves and seeking external support for ongoing programs.
- The county continues to struggle with 4,000 vacant positions, particularly in the health system.
- Public input will be sought on which pandemic-funded programs to continue beyond 2026.