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Chicago Budget Deficit

Tax Increase Possible As City Budget Gap Reaches $520 Million

Chicago Tribune | Hal Dardick | Posted 08.30.2009 | Chicago

Read More: Chicago Tax Increase, Chicago Taxes, Chicago Budget Deficit, Chicago 2010 Budget, Gene Saffold, Chicago Budget, Chicago News

Even after the city exhausts a $320 million rainy day fund created by leasing the city's parking meters, it still must find $520 million in costs savi...

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City Boots 3,493 Vehicles, Threatens Seizure Of 183,293

Chicago Sun-Times | Fran Spielman | Posted 08.15.2009 | Chicago

Read More: Chicago Boot, Chicago Budget Deficit, Chicago Car Booting, Chicago Parking Tickets, Denver Boot, Chicago News

Scrounging for cash to erase a threatened $300 million year-end shortfall, Chicago is going after motorists with two unpaid tickets older than one yea...

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City To Deploy Debt Collectors As Budget Gap Grows

Chicago Tribune | Dan Mihalopoulos | Posted 08.08.2009 | Chicago

Read More: Debt Collectors, Collection Agencies, Chicago Budget, Chicago Debt Collectors, CBE Group, Mayor Daley, Chicago Budget Deficit, Chicago Collection Agencies, Chicago News

The same bill collectors who pester debtors on behalf of credit-card companies are being recruited by Chicago City Hall to go after anybody who owes m...

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Daley, Union Leaders Meet About City's Proposed Layoffs

Chicago Sun-Times | Fran Spielman | Posted 07.16.2009 | Chicago

Read More: Chicago City Workers, Dennis Gannon, Chicago Budget Deficit, Chicago City Layoffs, Chicago Budget, Mayor Daley, Chicago News

Chicago Federation of Labor President Dennis Gannon emerged from an hour-long meeting with Mayor Daley today predicting that a painful package of unio...

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Broke Chicago: As Budget Hole Nears $300 Million City Could Lay Off 1,500 Workers, Tap Parking Meter Money

AP/Huffington Post | Posted 07.13.2009 | Chicago

Read More: Chicago City Workers, Chicago Budget, Mayor Daley, Chicago Budget Deficit, Chicago City Layoffs, Chicago Privatization Money, Chicago News

Chicago is facing a budget deficit close to $300 million and city officials say they will need to lay off nearly 1,500 city workers unless union offic...

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City Budget Gap Widens Nearly $20M In A Month

WBBM Newsradio | Posted 05.10.2009 | Chicago

Read More: Chicago Budget Deficit, Chicago Budget Shortfall, Gene Saffold, Mayor Daley, Chicago Budget, Chicago-Illinois, Chicago News

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...

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Company Seeking City Business Says More Traffic Cameras Could Erase City Deficit

Chicago Sun-Times | Fran Spielman | Posted 04.16.2009 | Chicago

Read More: InsureNet, Chicago Red Light Cameras, Chicago Budget Deficit, Chicago Traffic Cameras, Chicago News

Chicago could rake in "at least $200 million" a year -- and wipe out the entire projected deficit for 2009 -- by using its vast network of redlight an...

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City Budget Gap Widens To Over $60M, More Big Cuts Loom

Chicago Sun-Times | Fran Spielman | Posted 04.06.2009 | Chicago

Read More: Chicago Budget Deficit, Chicago Budget Gap, Chicago City Layoffs, Chicago Budget, Mayor Daley, Chicago News

Nose-diving revenues have forced Chicago's 2009 budget at least $10 million deeper into the hole -- to a gap of well over $60.5 million -- turning up ...

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City Privatizing Parking Meters

Chicago Sun-Times | Fran Spielman | Posted 01.01.2009 | Chicago

Read More: Chicago Privatization, Chicago Parking Meter Bid, Private Parking Meters, Chicago Budget, Mayor Daley, Privatization, Chicago Parking Meters, Chicago Budget Deficit, Chicago Parking Meter Privatization, Chicago News

It looks like Mayor Daley's giant budget gamble has paid off -- and then some. On Monday, the city received what a top mayoral aide described as a "w...

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Daley Reaches Agreement With Unions That Could Decrease Lay Offs

Chicago Sun-Times | Fran Spielman | Posted 12.18.2008 | Chicago

Read More: Daley Labor, Chicago Budget Shortfall, Daley Labor Agreement, Chicago Layoffs, Daley Labor Deal, Chicago Budget Deficit, Chicago Labor Unions, Daley Labor Unions Budget Layoffs, Richard Daley, Laborers Local 1001, Chicago News

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

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Library Fines May Double

Chicago Public Radio | Tony Arnold | Posted 11.27.2008 | Chicago

Read More: Ed Smith, Chicago Library, Chicago Budget, Chicago Library Fines, Chicago Budget Deficit, Chicago Budget Hearings, Chicago City Budget, Chicago News

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 ...

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Daley Defends Budget Cuts

Chicago Sun-Times | Fran Spielman | Posted 11.21.2008 | Chicago

Read More: Chicago Jobs, Chicago Budget Deficit, Chicago Budget Shortfall, Richard Daley, Chicago Budget, Chicago Economy, Chicago News

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...

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Daley Announces Budget: 900-Plus Layoffs, Higher Taxes

AP | Posted 11.15.2008 | Chicago

Read More: Chicago Budget Shortfall, Mayor Daley Budget, Chicago Layoffs, Chicago Deficit, Chicago Budget, Mayor Daley, Chicago Budget Deficit, Richard Daley, Chicago City Budget, Chicago News

Mayor Richard Daley has announced a pared down budget for the city of Chicago that looks to cover a $469 million shortfall. And the mayor told city l...

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Daley Shutting Down City Government

Posted 11.14.2008 | Chicago

Read More: Chicago Mayor Richard Daley, Chicago Budget Shortfall, Chicago Budget, Mayor Daley, Chicago Government Shutdown, Chicago Budget Deficit, Budget Deficit Chicago, Daley City Shutdown, Richard Daley, Chicago City Shutdown, Chicago News

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 ...

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Financial Crisis Squeezing Civic Budgets

Crain's Chicago Business | Monée Fields-White and Mike Colias | Posted 11.13.2008 | Chicago

Read More: Wall Street Crisis, Mayor Daley, Dan Hynes, Recession, Illinois Budget, Illinois Debt, Chicago Budget Deficit, Illinois Budget Crisis, Chicago Bduget Shortfall, Aurora Budget, Evanston Budget, Oak Brook Budget, Chicago Budget, Chicago News

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

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