chicago budget

According to the Civic Federation, the legislation is projected to increase required city contributions to the Police and Fire pension systems by approximately $8.4 billion between 2025 and 2055, representing about $1.7 billion in present value. #pension #civicfederation #chicago

In a statement, Bally’s Corporation Senior Vice President for Corporate Development Christopher Jewett said the expansion of video gambling terminals represents a significant threat to the city’s long-term financial interests and violates commitments made under the company’s host community agreement with Chicago. #bally's #council #expansion

The mayor repeated his opposition to a debt collection measure in the council-approved budget, which allows the city to sell city debt to private collectors. #budget #chicago

The alternative budget also includes a roughly $1 billion sweep of tax-increment-financing dollars to Chicago Public Schools. #chicago #budget #thecentersquare

Alderman Samantha Nugent asked to see a $3 million budget analysis prepared for the city by Ernst & Young. Alderman Brendan Reilly repeated Nugent’s question to Chicago Budget Director Annette Guzman. #deficit