Leap of Faith?
Mayor Daley’s $6 billion 2009 budget — precariously balanced with 635 or fewer layoffs, slow police hiring and $52.5 million worth of taxes, fines and fees — sailed through the City Council Wednesday amid concern about even tougher times ahead.The final vote was 49-1 after a two-hour debate.
And there’s another potential pitfall. If the mayor doesn’t seal the deal to privatize Chicago's 35,000 parking meters by year's end — and get at least $150 million from the transaction to use for operations this year and next — he’ll have to find another way to close that gap.
The bottom line is that the City Council took what downtown Ald. Brendan Reilly (42nd) has called a "leap of faith" by approving the mayor’s $6 billion budget.
And don't expect any help soon - do more with less!
- To save $10 million, only 200 police officers will be hired during all of 2009. With more than 400 vacancies already and an annual attrition rate of 600, Chicago could end the year 800 officers short of the police strength it had on Jan. 1, 2008.
Labels: money questions