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Chamber@Work | Chicagoland Chamber of Commerce
TUESDAY, DECEMBER 4, 2012
PRESIDENT'S CORNER
 
Please join us in welcoming the latest additions to the Chicagoland Chamber of Commerce Board of Directors. At their most recent meeting, the Chicagoland Chamber of Commerce Board of Directors unanimously approved and welcomed the following new Board members:
 
Leroy Bannister, Senior Vice President of Parsons
John Davidoff, Managing Director of Davidoff Communications
Brent Estes, President of Rush Health/Rush University Medical Center
John Idler, President and General Manager of ABC 7 Chicago
John Kenning, Executive Vice President and President of OfficeMax Workplace
Jane McFetridge, Managing Partner Chicago of Jackson Lewis LLP
Neraj Metha, President & CEO, Commercial Distribution Finance business of GE Capital
Tony Reinhart, Regional Director, Government Affairs of Ford Motor Company
Kathy Schaeffer, President of Kathy Schaeffer and Associates
Vivian Smith-Del Toro, Vice President of Operations, Business and Industry Solutions of Sodexo
Thomas Walker, Jr., Managing Partner - Illinois of Baker Tilly Virchow Krause
 
ACTIONABLE INFORMATION
 
The Daily Herald’s November 25th article “Pension relief for suburbs?” is timely as the Illinois General Assembly is returning to Springfield to address public pension reform during the legislative veto session.
 
On behalf of the region’s business community, the Chicagoland Chamber of Commerce urges Governor Quinn and the Illinois General Assembly to act now to fix the state’s $98 Billion unfunded pension liability which costs taxpayers almost $7 Billion per year and consumes over twenty percent of the state’s total annual budget.
 
The business community can no longer tolerate procrastination on this critical issue. Unfunded pensions will fiscally cripple Illinois and the repercussions are most severe for local governments. If the pension crisis is not addressed, taxes would be raised and basic government services such as healthcare, education, and public safety would have to be cut. Employers require safe neighborhoods, quality schools, reliable transportation systems, and competitive property and sales tax rates to retain and create jobs. The pension crisis threatens all of these things and more.
 
 
The Chicagoland Chamber of Commerce congratulates Mayor Rahm Emanuel and the Chicago City Council on approval today of the 2013 budget without creating new, or increasing existing taxes, fines, or fees and including an accelerated schedule for ending the Chicago Employer's Expense Tax, also known as the Head Tax, by six months.
 
“The passage of a balanced city budget without new or increased taxes, fines, and fees is an indication that Chicago is heading in the right fiscal direction,” stated Chicagoland Chamber of Commerce President and CEO Jerry Roper. “The budget sends a message to businesses that Chicago is working to meet the needs of providing a competitive climate for growth. We applaud the Mayor and the City Council for finding a way to balance the budget by creating savings in city government as opposed to putting additional burdens on taxpayers.”
 
 
• ASGK Public Strategies
• Brill Street
• Cyberknife
• FroogaliT
• Rightsize Facility
• School of the Art Institute
• Storyview
• Van Wagner
• Wireless Business Solutions
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Chicagoland Chamber of Commerce
200 E. Randolph, Suite 2200 Chicago, IL 60601
312.494.6700 | ChicagolandChamber.org
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Last Updated on 2012-12-06 09:01:21.498


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