Deficit Ahead for Chicago

Shields, Yvette
August 2006
Bond Buyer;8/2/2006, Vol. 358 Issue 32436, p35
Trade Publication
The article reports on the budget deficit of $64.5 million in Chicago, Illinois, as official start work on a $5.5 billion 2007 election year budget. The deficit is due largely to increased funding required for contractual wage increases, pension funding, and medical care costs. According to the city, revenue collections from taxes on hotels and amusement events were performing well halfway through the 2006 budget.


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