Added Apr 25 2012
Yesterday the City Council met to consider Mayor Rahm Emanuel's proposed Infrastructure Trust, which allows for another method of funding major infrastructure improvements in the City. For a copy of the ordinance, visit:
The ordinance is termed a "Substitute Ordinance" because it is a substitute for the original ordinance, which was introduced six weeks ago. The substitute ordinance, which is the result of weeks of negotiation between members of the City Council and the Mayor, represents a significant improvement over the original proposal. It gives the City Council final authority to approve all city-related projects, adds a City Council representative to the Trust and includes additional protections to ensure accountability and transparency.
In summary, I voted to support the formation of the
Infrastructure Trust because it provides an important
alternative for funding needed infrastructure improvements in
our city at a time when traditional sources for infrastructure
funding are becoming less available. As a long-time advocate for good government, I am confident the ordinance contains sufficient safeguards to protect the taxpayers and guard against fraud and corruption.
I want you to understand my reasons for supporting the
Infrastructure Trust. For a transcript of my remarks,
which I delivered yesterday during the City Council debate on
the measure, visit:
I know it's lengthy, but a lot has been written about this unique proposal, and my support for it requires a thorough explanation. Please feel free to post your questions and comments here or e-mail me at email@example.com.