Mayor Daley said Monday he would eliminate 220 vacant city jobs, cancel cost-of living pay raises for 3,500 non-union employees and order those bureaucrats to take 24 unpaid days off to honor his promise to keep his hand out of taxpayers’ pockets in 2010.
Together with cuts in non-personnel spending, the latest round of bureaucratic belt-tightening will reduce spending by $64 million.
The remainder of the city’s $550 million budget gap is expected to be filled by raiding reserve funds generated by city asset sales. That’s a controversial move that threatens the all-important bond rating used to determine city borrowing costs.
The 220 jobs are a drop in the bucket - there's plenty of middle management that can be eliminated across the board in any number of departments. The belt-tightening is long overdue, but don't expect any sweeping change the way we didn't see any last time they "tightened" things up. The "reserve funds" are monies the mayor lets the connected people play with at taxpayer expense.
Here's a clue - how about the City trying to live within it's means?
Here's a clue - how about the City trying to live within it's means?
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