vendredi 6 mars 2009

How to Fill This Hole

  • With Mayor Richard Daley on vacation and taxpayers focused on their weekend plans, City Hall did what is fast becoming a Friday ritual: It rolled out bad budget news.

    If the economy continues to tank, the city budget could be $200 million short by year's end, the mayor's top aide said.

    A quarter of the way through the budget year, City Hall is about $33 million behind what it had hoped to collect, even after $31 million in cost-cutting, chief of staff Paul Volpe said.

Gee Rich, another vacation? Hope you didn't take EduCap flight.

In any case, we see a whole bunch more shortfalls looming with "the List" being a hot topic and the economic death spiral being spun out of Washington.

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