City's Budget Shortfall Expected To Surge To $1 Billion
- Category: Chicago
- Published on Thursday, 01 August 2013 18:51
- Written by The Chicago Defender
- Hits: 20
(Reuters) - Chicago's preliminary budget gap is expected to fall next year but is on track to nearly triple in 2015 without pension reform, Mayor Rahm Emanuel said on Wednesday.
The city, which faced budget shortfalls topping $600 million in fiscal 2011 and 2012,