Daley's $10 Million Shortfall
- Mayor Daley has ordered 3,250 city managers to take one unpaid furlough day, cut off non-emergency overtime and suspended hiring unrelated to public safety to plug a $10 million hole in his 2007 budget.
The question is whether those belt-tightening measures will be enough to close the mid-year gap -- or whether Chicagoans must brace for a post-election tax increase.
"I can't tell you that at this time. What we're doing now, rather than look at tax increases, is controlling expenses through the end of the year," city Budget Director Paul Volpe said today.
Good thing the mayor can order people to eat vacation days, eh?