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Statement from President Preckwinkle on Rating Agencies’ Response to Cook County’s 2012 Sales Tax Revenue Bonds

By at July 27, 2012 | 9:48 am | 0 Comment

Statement from President Preckwinkle on Rating Agencies’ Response to Cook County’s 2012 Sales Tax Revenue Bonds

“The Cook County Board approved an ordinance on July 24, 2012 to introduce a new credit structure and capital funding source for County highway projects.  The Bonds will be secured by sales tax revenues, as the County and its finance team recognized the value investors would place on such a broad-based tax revenue pledge.  The new bond offering is estimated to yield more...

Finance , President's Office , , ,

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