December 13, 2006
The Civic Federation supported the MWRD's FY2007 Budget because it minimizes the burden on taxpayers and implements sound financial planning techniques. Notably, the MWRD has adopted a policy establishing an irrevocable trust for funding its Other Post Employment Benefit liabilities (e.g., retiree health care), and is appropriating 10 million dollars for this purpose in FY2007. The District is one of the few governments in Illinois that has moved beyond the question of how to report OPEB liabilities and has a concrete plan for funding them.