December 1, 2010
The Civic Federation supports the Chicago Park District’s FY2011 proposed operating budget of $397.6 million. The District is proposing to hold the property tax levy flat and maintain expenditures at close to FY2010 levels by using operating efficiencies and personnel cuts. The District is also proposing to eliminate its $22.0 million budget deficit in part by using $12.0 million of TIF surplus and $3.0 million of Corporate Fund balance.
However, the Civic Federation is concerned about the District’s pattern of reliance on non-recurring revenue sources, which appears to indicate a structural deficit.