City Budget Hole Deepens: Shortfall Could Be $200 Million

Chicago Tribune:

If the economy continues to tank, the city budget could fall $200 million short by year's end, the mayor's top aide said today.

A quarter of the way through the budget year, City Hall is short about $33 million, even after $31 million in cost-cutting, Chief of Staff Paul Volpe said.

Read the whole story: Chicago Tribune

Comments

[Cogs]

Gee, i wonder who is going to have to pay for this? Slice the city hall and aldermens' budgets by 50% and see where that gets us.

[47th]

Great, lets blow about 20 billion on the Olympics!