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DuPage County cites AAA rating, balanced budget and job growth in state-of-the-county remarks
Summary
An unnamed county official said DuPage earned a AAA rating from Fitch, will close fiscal 2024 with a surplus and has seen employment growth since 2022, while announcing new business and workforce initiatives.
An unnamed County official said DuPage County earned a AAA bond rating from Fitch Ratings and expects to close fiscal year 2024 with a budget surplus. The official said the county’s 2025 budget is balanced and that the county’s portion of the property tax will remain flat at about 2% of the average property tax bill, as previously noted by a board member.
The official said employment in DuPage County has grown by more than 5% since January 2022, adding roughly 33,000 jobs, and described recent development activity that the county characterized as substantial. The address named Choose DuPage and a workforce partnership (referred to in the remarks as Work Not DuPage) as partners in economic development and workforce programs, and cited Innovation DuPage as a local business incubator supported by the county.
The official announced a forthcoming disadvantaged business enterprise program to be led by Deandre Reid, the county’s contracting equity administrator, aimed at educating minority- and women-owned businesses on how to work with the county. The address also referenced a program with the College of DuPage that provides job-search workshops, basic digital skills and access to funding for occupational training as a back-to-work initiative.
The remarks emphasized maintaining a business-friendly climate while investing in workforce development and small-business supports. The official did not provide ordinance numbers, grant IDs or specific tax-rate ordinance language in the address.
