In a statement released Thursday, Civic Federation President Joe Ferguson said the board's decision departed from sound budgeting principles by relying on speculative revenue to balance the district's finances. #cps #budget #chicago
"This law will provide municipalities with the flexibility to address the needs of its communities and support local projects," Joyce said. "I would like to applaud the collaboration between my office and local Bourbonnais officials that led to this bill being signed into law." #municipalities #patrickjoyce #senatebill
The city has collected none of the $131.7 million total projected for sale of debt, advertising, augmented reality and video game licensing. #centersquare #alderman #chicagomayor
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
As the current Lake County Treasurer, Kim has cultivated a reputation for her innovative approach to public finance, making her a compelling choice for the Comptroller’s office. #comptroller #election
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