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PALOS TOWNSHIP PROPERTY TAX ASSISTANCE WORKSHOP: AUGUST 3
COOK COUNTY ROAD IMPROVEMENT PROJECTS ARE UNDERWAY IN THE SOUTHWEST PORTION OF THE 17TH DISTRICT - PLEASE CHECK THE CONSTRUCTION NOTICES BELOW FOR MORE DETAILS:
OFFICE OF COOK COUNTY BOARD PRESIDENT
FOR IMMEDIATE RELEASEAugust 22, 2023
CONTACTTed Nelson firstname.lastname@example.org
(COOK COUNTY, IL) - Cook County Board President Toni Preckwinkle today applauded Moody's Investors Service upgrading Cook County’s bond rating from A2 to A1. This marks the second ratings upgrade in less than two years.
“We are incredibly proud of Moody’s Investors Service’s decision today to upgrade Cook County’s bond rating from A2 to A1. This step shows once again that we are on the right track and our efforts to create long-term fiscal stability are being rightfully recognized,” said President Preckwinkle. “Today’s recognition is proof of concept that local governments can both invest in our communities and remain responsible stewards of our residents’ tax dollars.”
Moody’s noted the upgrade to A1 reflects the County’s accumulation of sound reserves and considers pension reform legislation recently signed by Governor JB Pritzker. Improved financial operations have been driven by a willingness and ability to raise revenue, robust growth in sales tax receipts, operational improvements and an influx of federal aid.
“We appreciate Moody’s acknowledging our sound fiscal management, work to increase reserves and passage of landmark pension funding reforms,” added President Preckwinkle. “Despite the pandemic and numerous economic challenges, we have now received three outlook upgrades and two ratings upgrades in the last two years. I want to thank my finance team for all they have done to make this possible. This is the result of years of hard work and excellent news for the County.”
Fitch Ratings last month revised Cook County’s outlook from stable to positive also noting the County’s work to increase reserves, financial management efforts and the importance of new pension reforms. This followed a ratings upgrade by Fitch in November 2021.
Cook County continues to receive investment grade ratings from all the major rating agencies, which in turns allows the County to get lower borrowing rates on its bonds.
FOR IMMEDIATE RELEASE
August 1, 2023
MORE THAN 50,000 SENIOR HOMEOWNERS NEED TO REAPPLY FOR "SENIOR FREEZE" PROPERTY TAX EXEMPTION
Orland Park - Cook County Commissioner Sean M. Morrison is encouraging eligible Senior Citizens to file online for the Low-Income Senior Citizens Assessment Freeze before the fast-approaching August 4th Deadline. Having rolled over automatically due to COVID-19, this is the first year where reapplication is required for those born in 1957 or earlier with a total household income less than $65,000 in 2021. This income qualified exemption is applied to the second installment of an eligible senior citizen’s property tax bill and may result in significant financial savings for them.
The Cook County Assessor has announced that over 50,000 Senior homeowners in Cook County have not yet applied to receive their Low-Income Senior Assessment Freeze. “If you know of an eligible parent, relative, neighbor or friend, I encourage you to help get the word out that qualified home-owning seniors must reapply online by August 4th, so this important exemption will not be missed by those who need it most” said Commissioner Morrison.
Applications can be submitted online through August 4th at: https://www.cookcountyassessor.com/senior-freeze-exemption
The next full moon will grace skies on Tuesday, August 1st. Join the Forest Preserves of Cook County on Tuesday night (8:15pm) for a “MOON WALK” at the Little Red Schoolhouse Nature Center in Willow Springs.
REGISTRATION REQUIRED, CLICK HERE: https://fpdcc.com/event/moon-walk-7/2023-08-01/
118 N. Clark Street, Suite 567
Chicago, Illinois 60602
Phone : 312-603-4215
15040 Ravinia Ave, Suite 44
Orland Park, Illinois 60462