Chicago on Track for Record Deficit

Shields, Yvette
August 2010
Bond Buyer;8/2/2010, Vol. 373 Issue 33359, p1
Trade Publication
The article reports on the 654.7 million dollars budget deficit faced by the government in 2011 in Chicago, Illinois. It states that the slight improvement in revenue collections cannot keep pace with the growing personnel costs of the city which would increase by another 10 million dollars due to pending fire department raise under arbitration. It notes that the city expects about 6.3 billion dollars from all-funds budget but will fall because of additional spending.


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