Sunday, August 1, 2010

City discloses $655-million 2011 budget hole

Chicago now faces a projected $654.7-million budget hole — equivalent to a stunning 20% of its operating account — in 2011

hole was filled only by drawing down hundreds of millions of dollars in reserves from the city's lease of parking meters and other assets.

 

Click on the following for more details:  Blogs | Crain's Chicago Business

No comments: