December 07, 2011
The Civic Federation supports the Chicago Park District FY2012 Budget of $407.5 million because it holds the property tax levy flat for the seventh year in a row and emphasizes cost containment and revenue diversification. The Federation supports the District’s development of a fund balance policy and its efforts to eliminate the structural deficit through a multi-year plan. While we support the budget, the Civic Federation has concerns about the declining health of the District’s pension fund.