Explore our content

All types | All dates | All authors
Scott Waguespack

Pages

Quick Hit
by Ellyn Fortino
3:41pm
Tue Jan 12, 2016

Chicago Progressive Aldermen: Put The Brakes On Swap Termination Payment Plan

Chicago's Progressive Reform Caucus wants the Emanuel administration to "delay or abandon" its proposal to use roughly $100 million in borrowed money to pay termination penalties for interest-rate swap agreements.

The caucus opposes the "Emanuel administration's plan to voluntarily pay massive interest-rate swap termination penalties" because it could result in "windfall profits for big banks" and cost "taxpayers more over the next few decades," Ald. Scott Waguespack (32nd) said during a press conference at City Hall on Tuesday. 

The interest-rate swap agreements in question, held between the city and financial institutions, date back to former Mayor Richard M. Daley's administration. The $100 million in swap termination payments is part of a $2 billion borrowing package set to go before the Chicago City Council on Wednesday. 

"The administration has said we're getting out of these risky deals, but what we're getting out of this deal is an irresponsible financial move by the administration," Waguespack said. "We need to stop this plan, abandon it today, and not move forward on behalf of taxpayers."

PI Original
by Ellyn Fortino
5:21pm
Wed Nov 18, 2015

Chicago City Council Roundup: 'Sanctuary City' Resolution, Privatization Safeguards & Drone Regulations

Progress Illinois recaps Wednesday's Chicago City Council meeting, during which aldermen reaffirmed Chicago's status as a "sanctuary city" and approved new drone regulations and a Privatization Transparency and Accountability Ordinance.

PI Original
by Ellyn Fortino
4:35pm
Wed Oct 28, 2015

Chicago City Council OK's Budget, Record Property Tax Hike & Lucas Museum

Progress Illinois rounds up the action at Wednesday's Chicago City Council meeting, during which aldermen approved Mayor Rahm Emanuel's 2016 budget — including a $588 million property tax hike — and zoning for the proposed Lucas Museum of Narrative Art.

PI Original
by Ellyn Fortino
4:03pm
Thu Oct 15, 2015

Emanuel Submits Budget Plan To Council; Homeless Activists Camp Out At City Hall For CHA Oversight

Mayor Rahm Emanuel officially submitted his 2016 budget proposal to the city council on Wednesday, and the public had an opportunity to weigh in on his plan at a hearing that afternoon. Homeless activists were among those who attended the hearing. They also slept outside City Hall as part of their push for greater oversight of the Chicago Housing Authority. 

Quick Hit
by Ellyn Fortino
2:03pm
Fri Oct 2, 2015

Chicagoans Speak Out On 2016 Budget With Progressive Aldermen At Town Hall Meeting

Chicagoans vented their frustrations over items in Mayor Rahm Emanuel's 2016 budget proposal, including a record $588 million property tax hike, during a Thursday night town hall meeting hosted by the city council's Progressive Reform Caucus.

In addition to the proposed property tax increase, the three progressive caucus members at the meeting, Alds. Scott Waguespack (32nd), Nicholas Sposato (38th) and John Arena (45th), got an earful from residents about Emanuel's proposals to privatize the city's 3-1-1 non-emergency operations and increase fees on taxi cabs and ride-hailing services, like Uber and Lyft.

Emanuel wants to outsource 3-1-1 operations to save the cash-strapped city an estimated $1 million annually.

Debra Powell, a 3-1-1 operator of 10 years, said the privatization plan could cost 58 call center jobs and negatively impact the quality of service provided to Chicagoans.

"You don't know who you're going to be talking to when you call 3-1-1 and it's been outsourced," Powell said at the budget town hall meeting, held at the Copernicus Center on the Northwest Side. "I would rather speak with someone who lives in the city, born and raised, knows the neighborhoods. We have ... 58 operators there who live all across the city, ... so we pretty much can relate to all the residents calling in."

PI Original
by Ellyn Fortino
5:17pm
Tue Sep 22, 2015

Emanuel Pitches Nearly $600 Million Property Tax Hike To Chicago City Council

Progress Illinois breaks down Chicago Mayor Rahm Emanuel's 2016 budget address and rounds up reaction to his fiscal proposals, including a nearly $600 million property tax hike to cover police and fire pensions and school construction costs. 

Pages