{"id":75330,"date":"2019-01-30T15:26:51","date_gmt":"2019-01-30T21:26:51","guid":{"rendered":"https:\/\/news.medill.northwestern.edu\/chicago\/?p=75330"},"modified":"2019-02-21T16:07:19","modified_gmt":"2019-02-21T22:07:19","slug":"born-from-the-soda-pop-tax-repeal-independent-commission-to-examine-cook-county-revenue","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/born-from-the-soda-pop-tax-repeal-independent-commission-to-examine-cook-county-revenue\/","title":{"rendered":"Born from the soda pop tax repeal, independent commission to examine Cook County revenue"},"content":{"rendered":"

By Dwight A. Weingarten <\/strong>
\nMedill Reports<\/em><\/p>\n

Balancing your family budget often starts with taking a hard look at available income before determining the expenses you can afford.<\/p>\n

For Cook County, a new Independent Revenue Forecasting Commission will be mapping out the county\u2019s projected revenue starting in April in response to widespread criticism that forced repeal of the soda pop tax<\/a> little more than two months after the tax took effect in 2017.<\/p>\n

\u201cThe goal of the commission is to inform the budget process,\u201d said Victoria Moreno, director of legislation for former commissioner Jes\u00fas G. \u201cChuy\u201d Garc\u00eda, who was the chief sponsor of the revenue forecasting ordinance<\/a>.<\/p>\n

\"\"
Jan. 24 Cook County Board meeting. (Dwight Weingarten\/MEDILL)<\/figcaption><\/figure>\n

The independent commission will provide quarterly updates for the county\u2019s five-year expected revenue to the commissioners and to the public rather than the information coming from the Cook County Board president’s office during budget meetings.<\/p>\n

\u201cPart of this proposal is meant to provide a balance between the executive and the legislature so they both have the same information that they are communicating on a regular basis,\u201d Moreno said.<\/p>\n

\u201cAll you have right now in the county is the president and her financial team,\u201d said Richard R. Boykin, who co-sponsored the ordinance, which created the Independent Revenue Forecasting Commission. Boykin has since left the county board after being defeated in a primary election last March.<\/p>\n

Boykin likened the new commission to the Congressional Budget Office, a non-partisan organization designed to produce analyses to help the budget process at the federal level.<\/p>\n

Before elected to Congress himself in fall, Garc\u00eda (D-4th) worked to pass the ordinance to create the independent three member commission, which is comprised of two economists from universities in Cook County and one member of the public with expertise in public finance.<\/p>\n

Under the new ordinance, the Cook County Board President, currently Toni Preckwinkle who is a Chicago mayoral candidate, will appoint the team. All members of the revenue commission will be subject to board approval.<\/p>\n

Members of the committee have not yet been selected, said Becky Schlikerman, a spokesperson for Preckwinkle, in an email.<\/p>\n

\"\"
Current Cook County Board President and mayoral candidate Toni Preckwinkle pictured here at the Cook County Board of Commissioners meeting on Jan. 24. (Dwight A. Weingarten\/MEDILL)<\/figcaption><\/figure>\n

\u201cA lot of times the budget calculations are politically driven,\u201d said Shelia Weinberg, the CEO of Truth in Accounting, an organization that works to provide citizens with understandable, reliable, and transparent government financial information, calling the commission \u201ca first step.\u201d<\/p>\n

\u201cWe would love to have the commission expand to include the expense side also,\u201d Weinberg said.<\/p>\n

The Civic Federation, a non-partisan financial research group, also advocated for the commission to expand its scope to include expenditure forecasting in a Nov. blog post.<\/a><\/p>\n

\u201cCitizens need to have accurate financial information so they can be knowledgeable participants in their government,\u201d Weinberg said.<\/p>\n

Photo at Top: The idea of the Independent Revenue Forecasting Commission originated after the repeal of soda pop tax by the Cook County Board of Commissioners in October 2017, little more than two months after it took effect. (Dwight A. Weingarten\/MEDILL)<\/div>\n","protected":false},"excerpt":{"rendered":"

By Dwight A. Weingarten Medill Reports Balancing your family budget often starts with taking a hard look at available income before determining the expenses you can afford. For Cook County, a new Independent Revenue Forecasting Commission will be mapping out the county\u2019s projected revenue starting in April in response to widespread criticism that forced repeal […]<\/p>\n","protected":false},"author":549,"featured_media":75074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,28,29,30,4559],"tags":[4062,613,192,682,4647],"class_list":["post-75330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-general-interest","category-health-and-science","category-public-affairs","category-winter-2019","tag-cook-county-board-of-commissioners","tag-jesus-garcia","tag-promo","tag-soda-tax","tag-toni-preckwinkle"],"yoast_head":"\nBorn from the soda pop tax repeal, independent commission to examine Cook County revenue - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/born-from-the-soda-pop-tax-repeal-independent-commission-to-examine-cook-county-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Born from the soda pop tax repeal, independent commission to examine Cook County revenue - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Dwight A. Weingarten Medill Reports Balancing your family budget often starts with taking a hard look at available income before determining the expenses you can afford. 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