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Chicago Budget

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...

CEOs Warn Of Huge Layoffs: Daley

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

Mayor Daley said Wednesday he's been warned by a parade of corporate CEOs that a blizzard of job cuts are about to bury the souring Chicago economy. ...

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 -...

City Looks To Lay Off 29 At Airports

Chicago Tribune | Dan Mihalopoulos | Posted 05.25.2011 | Chicago

Mayor Richard Daley's administration plans to eliminate the jobs of more than two dozen people who translate and answer questions for international vi...

TIF Districts Costing City Over $550M: Study

Chicago Reader | Ben Joravsky | Posted 05.25.2011 | Chicago

Cook County Clerk David Orr's annual TIF report is due out tomorrow, and the news is all bleak. On the one hand, the city's tax increment financing d...

Library Fines May Double

Chicago Public Radio | Tony Arnold | Posted 05.25.2011 | Chicago

Budget hearings continue this morning as Chicago aldermen try to find ways to make up a $469-million deficit. One of the suggestions for bringing in m...

Blues And Jazz Fests Losing A Day

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

Blues Fest and Jazz Fest, two of the city's most popular outdoor music festivals, will be reduced from four days to three and feature fewer stages bec...

Daley Defends Budget Cuts

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

Ignoring sniping from all sides, Mayor Daley said today he's not about to soften the cuts in his tough-times 2009 budget because there's no money to p...

City Council Takes Issue With Daley's Budget

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

Mayor Daley's plan to slow police hiring, shrink the size of city garbage crews and lay off 929 employees by cutting basic housekeeping services came ...

Chicago Budget Unveiled (WATCH)

CBS 2 | Posted 05.25.2011 | Chicago

Mayor Daley unveiled his city budget proposal Wednesday. Watch footage from the announcement:...

Chicago Police Department Eliminating Key Position

Chicago Sun-Times | Frank Main and Fran Spielman | Posted 05.25.2011 | Chicago

The Chicago Police Department will undergo a historic makeover with the elimination of a key position --first deputy superintendent, the person who tr...

Daley Shutting Down City Government

Posted 05.25.2011 | Chicago

Mayor Daley today ordered a "partial shutdown" of city government for three days this year and three more days in 2009 to help solve Chicago's worst b...

Financial Crisis Squeezing Civic Budgets

Crain's Chicago Business | Monée Fields-White and Mike Colias | Posted 05.25.2011 | Chicago

Local governments are bracing for deeper budget shortfalls as the financial crisis hammers everything from sales tax revenue to pension funds. The st...

Tightening City Budget Still Has Room For Spin

Chicago Tribune | Dan Mihalopoulos | Posted 05.25.2011 | Chicago

Mayor Richard Daley headed to the lakefront last month to announce his latest environmental plans, accompanied by no fewer than six City Hall represen...

150 Out At City Hall

Chicago Tribune | Todd Lighty and Dan Mihalopoulos | Posted 05.25.2011 | Chicago

Facing a shortage of money needed to run the city, Mayor Richard Daley in July offered a voluntary severance program for non-union workers. The mayor ...

City Debt $420 Million

The Huffington Post | Posted 05.25.2011 | Chicago

Chicago is facing a $420 million budget hole, city budget officials announced Thursday. They project a $141 million shortfall this year that will ball...