Chamber Testifies on Proposed 2013 City Budget
The Chicagoland Chamber of Commerce testified on the proposed fiscal year 2013 budget for the City of Chicago at a meeting of the Committee on Budget and Government Operations on October 31, 2012.
Michael Mini, Chamber Vice President of Public Policy, thanked Mayor Emanuel for presenting a fiscally responsible 2013 budget that closes a $369 million shortfall without raising or proposing any new taxes, fees or fines. He also commended the Mayor for proposing an early phase out of the City’s employer expense tax, or head tax, which will encourage the growth of Chicago’s small and medium sized businesses.
Mini expressed continued concern over the city’s unfunded public employee pension liabilities and added that the Chamber is committed to working with Mayor Emanuel and his staff to advocate for passage of pension reform by the Illinois General Assembly.
In addition, he said the Chamber will continue its push for passage of legislation that will allow for development of a Chicago casino that will bolster the city’s convention and tourism industry as well as generate millions in tax revenue.
Click here to read the full testimony.