October 31, 2018
Click here to read the full report.
The Civic Federation supports the City of Chicago’s proposed $8.9 billion FY2019 budget because it is a reasonable one-year financial plan that does not include any new taxes or fees, makes important public safety investments and funds the increased 2019 pension contribution of $32 million to the police and fire pension funds without a property tax increase.
As outlined in the report, the FY2019 budget recommendation continues to propose reforms and efficiencies aimed at improving city operations and reducing growing expenditures. Although the Federation is encouraged by these sound budgeting practices, severe challenges are on the City’s horizon.
Please click here to read the press release for this report.