Featured Municipal Bond Issue, Week of January 16, 2018: Cook County Illinois General Obligation – $100 Million 

Cook County Illinois is issuing $100 million in general obligation bonds the week of January 16, 2018. These general obligation bonds are being issued as a single series. The bonds will be used to refund the County’s Series 2006B general obligation refunding bonds. Security for the bonds is a general obligation and irrevocable pledge of the full faith and credit of the County. The County covenants and agrees to levy ad valorem taxes upon all taxable property in the county.

Details on the purposes, tax-status, security, as well as other matters pertaining to these Cook County Illinois general obligation bonds, which can be found in the preliminary official statement, available on MuniOS.

Cook County encompasses a large portion of the Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Area. As of November 2017, the Chicago Metropolitan Area has an unemployment rate of 4.7%, which is 0.6% higher than the national rate for November, and 0.8% lower than at the same time in 2016. MuniNet provides this data and more, easily accessible, for all 50 states and each Metropolitan Statistical Area in the country, in our Employment Database.

cook county illinois

Provided at left (click to expand) is a quick snapshot of financial characteristics of Cook County as of 11/30/2016, compared with the medians for other U.S. counties, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness)In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database.

These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.

by Jeffrey L Garceau