$217 million budget shortfall expected next year
Taxpayers escaped any increases a year ago as Mayor Richard Daley prepared to run for re-election, and today's gloomy financial picture comes as City Hall negotiates new contracts with its union employees.Tribune
Remember the money from the Skyway lease? $1.83 billion....according to Daley it was money set aside for a rainy day. The only ones that are going to get soaked are the city employees and taxpayers.