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Committee on Finance

Taxpayers out $13 million in 3 lawsuits

City Council committee advances Summers’ appointment

The City Council Finance Committee on Monday approved Mayor Rahm Emanuel’s appointment of Kurt Summers as the next city treasurer. If approved by the full City Council, Summers’ appointment is set to take effect on Dec. 1.

“Good luck and good health in your tenure in office,” Finance Committee Chairman Ed Burke (14th) told Summers after the committee advanced the appointment.

Finance Committee approves Emanuel's $62.4 million tax package

City Council committee passes 911 tax; honors Byrne

The City Council Finance Committee approved an increase in the tax for the city’s emergency telephone system on Tuesday, a hike explicitly designed to stave off a property tax increase that had been associated with changes to two of the city’s public employee pension systems. 

City could pay $1.2 million in police shooting basketball player case

Poll: Chicagoans support high-ethanol fuel measure

The City Council Finance Committee on Monday will consider legislation that would make environmentally-friendly fuel available to Chicago motorists.

Sponsored by Alderman Anthony Beale (9th) and Alderman Ed Burke (4th) – chair of the committee, the ordinance would allow for E15 fuel to be sold at most city gas stations. E15 fuel contains 15 percent ethanol and burns cleaner than the E10 fuel found in gas stations currently, which contains 10 percent ethanol.

Finance Committee approves measure requiring identification medallions be placed on all dumpsters in Chicago

The Chicago City Council Committee on Finance approved a proposal Tuesday requiring refuse collection providers to place electronic identification medallions on all trash bins in Chicago.

City Council committee wants ‘upskirt’ photo crackdown

In response to what Alderman Ed Burke (14th) called “a lot of weirdoes roaming around” the City Council Finance Committee unanimously approved Friday an ordinance that bans “upskirt” photos and videos. The bill orders a maximum $500 fine for anyone caught taking an unauthorized picture “under or through the clothing worn” of the photographed individual “for the purpose of viewing the body of or the undergarments worn by that person without that person’s consent.”

City poised to tap bond market for water projects

Debt-plagued city of Chicago would issue up to $1.05 billion more in bonds per two separate deals that the City Council Finance Committee passed Monday by voice vote.

Finance committee roundup: Clean-up cash for Englewood Whole Foods, tree injury settlement approved

The City Council Finance Committee on Monday advanced a $10.7 million-plan for cleaning up a largely-vacant corner in Englewood that is the proposed site for a new Whole Foods.

Aldermen approved an ordinance that will take money from two special property taxing, or tax increment financing, districts and put it toward clearing debris and prepping 63rd Street and Halsted Avenue for the Whole Foods. The money goes directly to Chicago Neighborhood Initiatives, a nonprofit developer that partnered with the city on other blockbuster projects like a Wal-Mart in Pullman.