Cook County drawing on $100M credit line – Crain’s

The Preckwinkle administration plans to tap the entirety of its $100 million revolving line of credit with BMO Harris "in light of the uncertain economic circumstances surrounding COVID-19." Cook County appears to be bracing for major impacts from the coronavirus—county HR officials sent an email Friday suggesting employees jobs and pay could shift after April 30.

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Tom Paine's Ghost
6 years ago

What sucker would be dumb enough to loan Cook County any money? If you have stock in BMO Harris then sell now.

debtsor
6 years ago

“A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain.” – unknown attribution

NB-Chicago
6 years ago

uh-oh, cc workers better start filling those corona/disability claims before the layoffs kick in

Tom Paine's Ghost
6 years ago
Reply to  NB-Chicago

No. Toni Taxwinkle will cut all services before she will cut they paychecks of her beloved public union workers.

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