Mayor Rahm Emanuel is reaffirming his opposition to raising taxes to close the City of Chicago’s $635.7 million budget shortfall.
Questions about the economy constitute a new threat to Chicago’s already shaky financial picture. As CBS 2 Chief Correspondent Jay Levine reports, Mayor Rahm Emanuel has been working on the city’s 2012 budget, trying to figure out how to eliminate a $600 million deficit.
Mayor Rahm Emanuel is encouraging Chicago residents to go online and give their ideas for how the city could save money.
Mayor Rahm Emanuel asked for Chicago residents’ help in coming up with ways to balance the budget and the people have responded. More than 2,000 people have posted ideas on the city’s website. CBS 2 has learned that the mayor has now begun reaching out to those offering the most promising ideas.
Mayor Rahm Emanuel has backed off on a threat to lay off 625 city workers earlier this week, instead going ahead with $20 million in budget cuts that don’t affect union jobs.
On his first full day in office, Mayor Rahm Emanuel is already tackling the top items on his agenda – including big budget cuts.
Call off the Clash of the Titans. Mayor-elect Rahm Emanuel and a potential enemy, powerful Ald. Ed Burke, had a private meeting and called a truce as the city budget continues to gush red ink.
The head of the government watchdog group the Civic Federation says the Chicago City Council is going to have to show some strength if Chicago is to truly bring its budget under control.
Mayor Richard M. Daley said Thursday that the prognosis for the city’s financial health is looking better than expected.
Chicago taxicab riders would pay a $1-a-ride surcharge, but the $70 million raised from the fee would go to the city budget, under a surprise plan proposed Wednesday by a pair of influential aldermen.
Aldermen back him up in slamming Inspector General’s report on possible budget cuts.