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Chicago Budget Shortfall

City's Budget Shortfall Expected To Surge To $1 Billion

Reuters | Posted 10.01.2013 | Chicago

CHICAGO, July 31 (Reuters) - Chicago's preliminary budget gap is expected to fall next year but is on track to nearly triple in 2015 without pension...

Study Shows Violence Costs Chicago $5.3 Billion Annually

Posted 06.21.2012 | Chicago

A Center for American Progress study tracing the costs of violent crime found that Chicago loses $5.3 billion to the literal and intangible costs of v...

Toni Preckwinkle, Rahm Emanuel Reveal Shared Budget Savings, Different PR Styles

David Ormsby | Posted 04.09.2012 | Chicago
David Ormsby

Emanuel and Preckwinkle this week released a joint budget efficiency report that revealed that the two governments have saved taxpayers $20 million in the last six months. It also revealed a difference in public relations between the two.

Rahm Doubles, Triples Many Additional City Fines, Fees

Posted 01.07.2012 | Chicago

Though Mayor Rahm Emanuel bowed slightly to various criticisms of his proposed budget last week as he restored some funding to the city's libraries an...

Chicago Police May Close Stations To Save Money

Posted 11.19.2011 | Chicago

Chicago Police Superintendent Garry McCarthy has been tasked with cutting $190 million from the department's $1.3 billion annual budget, and as he has...

WATCH: Rahm Booed By Laid Off Workers At Town Hall

Posted 10.30.2011 | Chicago

The first of two planned "town hall" meetings on the city's expected $635 million-plus budget shortfall became heated when Chicago Mayor Rahm Emanuel ...

Good Government Through the Looking Glass: The Budget Process

Toni Preckwinkle | Posted 10.15.2011 | Chicago
Toni Preckwinkle

Requiring preliminary budget estimates is the first step in implementing a more transparent and accountable budget process. This allows us to better engage our stakeholders, including County residents, in the budget process.

BEYOND BROKE: City Cuts Overnight Emergency Service For The Homeless

Posted 10.03.2011 | Chicago

Owing to their homeless program's state funding being cut in half, the city's Department of Family and Support Services announced Tuesday that they ha...

City Lays Off Half Its Traffic Aide Force

Posted 10.02.2011 | Chicago

Pink slips were reportedly delivered Friday to 97 full-time city-employed traffic control aides who keep an eye on busy intersections in the Loop and ...

Mayor Daley Feasts on Another Budget Victory; Leaves Next Mayor With the Tab

Joe Moore | Posted 05.25.2011 | Chicago
Joe Moore

This year's city budget called for no tax increases and no significant further cuts in services. It's a perfect election year budget. So what's not to like?

City For Sale: Daley Proposes Privatizing Taste Of Chicago, Recycling, More

Posted 05.25.2011 | Chicago

It's no secret that Chicago's mayor is a fan of privatization. In recent years, the Daley administration has cut lucrative (if mismanaged) deals to le...

The End Of The 'Shadow Budget'? Daley Mulls Using TIFs To Fill Deficit

Posted 05.25.2011 | Chicago

It has been investigated by some of Chicago's most dedicated journalists. It has been the subject of heated criticism, public debate and sunshine legi...

Red Light Camera Expansion Halted By Budget Cuts

Chicago Sun-Times | FRAN SPIELMAN | Posted 05.25.2011 | Chicago

Chicago's worst budget crisis in modern history has put the brakes on plans to expand the city's Big Brother network of red-light cameras to more than...

Aldermen Threaten To Reject Big Pay Raises For Cops

Chicago Sun-Times | Fran Spielman | Posted 05.25.2011 | Chicago

If an independent arbitrator awards double-digit pay hikes to Chicago Police officers, there's a good chance the City Council will reject it, some ald...

Daley Orders Employees To Forfeit Raises, Take Furlough Days

Chicago Sun-Times | FRAN SPIELMAN | Posted 05.25.2011 | Chicago

Two thousand non-union employees at six government agencies under Mayor Daley's control will be ordered to take furlough days and forfeit 2009 pay rai...

City To Use Parking Meter Money To Help Plug Budget Deficit

Chicago Tribune | Hal Dardick | Posted 05.25.2011 | Chicago

The Daley administration will have to further dip into proceeds from the city's much-maligned parking meter lease to cover a budget shortfall that cou...

City Budget Gap Widens Nearly $20M In A Month

WBBM Newsradio | Posted 05.25.2011 | Chicago

Chicago's new Chief Financial Officer Gene Saffold says that a $33 million dollar budget gap a month ago has now turned into a $51 million dollar shor...

City Budget Hole Deepens: Shortfall Could Be $200 Million

Chicago Tribune | Hal Dardick | Posted 05.25.2011 | Chicago

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 ...

Daley Cancels "Non-Essentials": What Will be Lost in Translation?

Esther J. Cepeda | Posted 05.25.2011 | Chicago
Esther J. Cepeda

Is the City really saying that guides for finding affordable housing, emergency services and getting legal help in other languages are not necessary to service our internationally-populated town?

Daley Going Directly To Feds For Funds, Bypassing Springfield

Associated Press | Posted 05.25.2011 | Chicago

Chicago Mayor Richard Daley says he will make an end-run around state government when it comes to seeking the city's share of the economic stimulus pl...

Alderman To Daley: Restore Snow Plow Money

Chicago Sun-Times | Fran Spielman | Posted 05.25.2011 | Chicago

Fed up with snow-covered side streets and ice-packed intersections, an influential alderman demanded Thursday that Mayor Daley set aside $1 million ap...

How The New Budget Hits Drivers

Red Eye | Leonor Vivanco | Posted 05.25.2011 | Chicago

Higher taxes Parking costs have risen nationwide for the fifth year in a row--2.8 percent for monthly rates and 4.3 percent for daily rates--according...

Daley Reaches Agreement With Unions That Could Decrease Lay Offs

Chicago Sun-Times | Fran Spielman | Posted 05.25.2011 | Chicago

Mayor Daley and organized labor have reached an agreement that could dramatically reduce the 929 layoffs needed to solve Chicago's worst budget crisis...

Alderman Tries To Cut Inspector General Out Of City Budget

Chicago Sun-Times | Fran Spielman | Posted 05.25.2011 | Chicago

Ald. Bernard Stone (50th) struck out Monday in his attempt to write Inspector General David Hoffman out of the city budget in retaliation for an absen...

Daley's Budget Approved After Council Rebellion Quelled

Chicago Sun-Times | Fran Spielman | Posted 05.25.2011 | Chicago

Mayor Daley's tough times 2009 budget -- precariously balanced with 929 layoffs, slow police hiring and $52.5 million worth of taxes, fines and fees -...