December 7, 2016
The Civic Federation supports the Chicago Park District’s proposed FY2017 operating budget of $449.4 million because it continues to reduce the District’s reliance on fund balance to close its budget deficits and keeps the property tax levy relatively flat.
At a time of increased pressure for local governments across Illinois, the Chicago Park District’s proposed FY2017 budget furthers the District’s long-term goals while showing restraint on the property tax levy. As detailed in the report, the Federation supports the District’s efforts to maintain a high level of fund balance, reduce its reliance on previous year fund balance and prudently manage its debt profile, among other initiatives.
The Chicago Park District’s fiscal year begins January 1, 2017 and ends December 31, 2017.