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Record #: O2012-6626   
Type: Ordinance Status: Failed to Pass
Intro date: 10/3/2012 Current Controlling Legislative Body: Committee on Workforce Development and Audit
Final action: 5/20/2015
Title: Amendment of Municipal Code Titles 1 and 2 by requiring preparation of analysis of fiscal impact of collective bargaining agreements on pension funds prior to approval
Sponsors: O'Connor, Patrick, Burke, Edward M., Smith, Michele, Reilly, Brendan, Mitts, Emma, Cullerton, Timothy M., Laurino, Margaret, Colón, Rey, Mell, Richard F., Moore, Joseph, Pawar, Ameya, Pope, John, Dowell, Pat, Tunney, Thomas, Austin, Carrie M., Fioretti, Bob, Reboyras, Ariel, Waguespack, Scott, Burnett, Jr., Walter, Silverstein, Debra L., Osterman, Harry, Cappleman, James, Thomas, Latasha R., Balcer, James, Suarez, Regner Ray
Topic: MUNICIPAL CODE AMENDMENTS - Title 1 - General Provisions - Ch. 4 Code Adoption-Organization, MUNICIPAL CODE AMENDMENTS - Title 2 - City Government & Administration - Ch. 8 City Council & Wards of City
Attachments: 1. O2012-6626.pdf
Related files: R2015-407


SECTION 1. Section 1 -4-090 of the Municipal Code of Chicago is hereby amended by adding the language underscored and by deleting the language struck through, as follows:

1- 4-090 Definitions for Code provisions.
Unless the context requires other interpretations, the following words and terms are defined for purposes of this code as follows:
(a) "City" means City of Chicago;

(Omitted text is unaffected by this ordinance)

(j) "Fire Code" or "fire regulations of this Code" means Title 15?;
(k) "Chief financial officer" means the chief financial officer of the City appointed by the mayor or. if there is no such officer then holding that office, the city comptroller.

SECTION 2. Chapter 2-8 of the Municipal Code of Chicago is hereby amended by adding a new section 2-8-160, as follows:

2- 8-160 Reserved Analysis of fiscal impact of collective bargaining agreements on pension
For all ordinances or resolutions which seek to approve, ratify or otherwise adopt a collective bargaining agreement, the chief financial officer, in consultation with the budget director, shall prepare an analysis of the fiscal impact of the terms of the proposed collective bargaining agreement on any relevant pension fund.
The analysis shall be provided to all the aldermen at least 72 hours prior to the consideration of the ordinance or resolution by the city council; provided that following a request by an alderman to prepare the analysis earlier, the chief financial officer shall prepare the analysis and provide it to the alderman within 5 business days of such request.
(c) The analysis shall, to the degree possible, consist of an estimate in dollars of the
anticipated fiscal liability to the pension fund under the provisions of the collective bargaining
agreement, and, if determinable or reasonably foreseeable, any other long-range effect on the
pension fund. If. after investigation, it is determined that no dollar...

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