Light is slowly starting to shine on the pro-business group For A Better Chicago (FBC), which has quickly become a major player in Chicago's aldermanic races. The political action committee, which raised $855,000 in currently untraceable money, has made its endorsements and is starting to dole out funds from its hefty bank account.
Early donations included $10,000 to both Alds. Anthony Beale (9th Ward) and JoAnn Thompson (16th Ward). Since then, the State Board of Elections (SBOE) has posted three additional donations from the group: $10,000 from the group went to Alds. Deborah Graham (29th Ward), Latasha Thomas (17th Ward), and Carrie Austin (34th Ward).
Until recently, all the money raised by FBC PAC had come from a 501(c)(4) organization also called For A Better Chicago, meaning the donors were impossible to track. But in a February 1 filing with the SBOE, the FBC PAC showed a contribution of $10,000 from David Herro, an investment manager at Harris Associates, LP. Herro was a major player in the 2007 city council races, throwing significant cash at aldermanic candidates supportive of building Wal-Marts. He told the Chicago Tribune that he opposed union-backed proposals to create a living wage for big box stores. (Herro denied that he was only supporting candidates who agreed with his position on Wal-Mart). Herro donated $75,000 to opponents of Ald. Joe Moore (49th Ward), who was described as "Wal-Mart's council nemesis" by the Tribune. According to a report in the Chicago Reader, Herro contributed $140,000 to "Wal-Mart friendly candidates."
No comments:
Post a Comment