Pension Reform, TIF Reform, and the City’s Workers Compensation Program
It was a busy week at City Hall. We kicked off the week discussing an ordinance that would strengthen oversight and accountability regarding tax increment financing districts.
I am a strong supporter of TIF reform and one of the leaders on this effort. This ordinance would restrict TIF spending for private development to places where it would not happen were it not for the TIF. We’re working to bring this ordinance to a vote this winter.
The Mayor also raised the issue of reforming pensions. While I support efforts to find other sources of revenue to fund our pensions, I am strongly opposed to the Mayor’s idea of eliminating constitutional protections for pensioners. Thousands of city retirees, who are not eligible for Social Security, were promised these benefits. As a city, we need to keep our promises to our current and former workers.
Finally, I introduced an ordinance Wednesday that would move the administration of the city’s worker compensation program from the Committee on Finance to the Law Department. Right now, the $100 million program is not subject to any Inspector General oversight. Additionally, almost all other cities house their worker compensation programs in either their law or human resources departments.
Watch my appearance on Chicago Tonight from Thursday to learn more about this important reform.
The work of reforming our city is never easy. I will continue to work with my colleagues on the city council make our government more transparent, accountable, and equitable for all our residents.