OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
October 31, 2012
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Budget Director, I transmit herewith an ordinance addressing Motor Fuel Taxes.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,
ORDINANCE
WHEREAS, the law of the State of Illinois establishing the Regional Transportation Authority (the "RTA") (70 ILCS 3615/1,01, et seq.,) provides in Section 4.10 that the RTA shall not for any fiscal year of the RTA release to the Chicago Transit Authority (the "CTA") any funds except for the proceeds of taxes imposed by the RTA under Section 4.03 and 4.03.1 which are allocated to the CTA under Section 4.10(d) unless a unit or units of local government in Cook County (other than the CTA) enters or enter into an agreement with the CTA to make a monetary contribution for such year of at least Five Million Dollars ($5,000,000) for public transportation; and
WHEREAS, the CTA will, for the foreseeable future, require such financial grants from the RTA in order to meets it operation expenses; and
WHEREAS, every year since the inception of the RTA, the City of Chicago has contributed Three Million Dollars ($3,000,000) and the County of Cook has contributed Two Million Dollars ($2,000,000) for such purpose; and
WHEREAS, the last such Ordinance authorizing the City's contribution was passed on November 09, 2011 (Journal of the Proceedings of the City Council, Pages 12500-12503); now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. There is hereby allocated for the fiscal year of the RTA ending December 31, 2013 the sum of Three Million Dollars ($3,000,000) for use by the CTA as a matching grant from the City of Chicago to be paid prior to December 31, 2013 from that part of the Motor Fuel Tax Fluids which have been or may be allocated to the City of Chicago.
SECTION ...
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