Another F&%#ing Deficit?
All those lib-tard visitors giving us a hard time since last year about how the Toddler was the only one running a balanced budget the past few years?
Bite us:
Bite us:
Cook County government faces a $300 million budget shortfall next year, and the Stroger administration suggests that could force across-the-board 10 percent cuts.
Jaye Williams, the county's chief financial officer, delivered that downbeat news this week to other county financial officials, sources told the Tribune.
The administration attributes the shortfall to the County Board's decision to cut the sales tax rate by a half percentage point against the wishes of Board President Todd Stroger, who earlier had pushed through a 1 percentage point increase. The county also expects lower federal funding, which had spiked because of economic stimulus efforts.
So between the Toddler, Shanks and Quinn, we're how deep in the hole now, $2 billion? Or more?
Labels: county
posted by SCC at 12:01 AM
18 Comments:
Didn't his office recently purchase one hundred thousand+ dollars worth of new office furniture? Why would they buy new office furniture if they didn't have the budget to do so?
I know! More debt!
Lets float a bond issue!
We just took a high and hard one straight up the ass when Fitch cut our bond rating from AA+ to AA, with a negative forward ratings outlook... Our pension liabilities are an 800 pound gorilla that everyone keeps pretending doesn't exist, our on-hand cash reserves were nothing more than an unsustainable, one time infusion that came from selling off the city to private equity- and most of that has already been pissed away. As we dip deeper into our existing cash assets to cover these shortfalls, guess that that means? Further bond ratings cuts! Which means our costs to borrow get uglier, right at a time when we'll be doing even more borrowing... but instead of making fundamental changes to our way of operating that would allow us to run this city right, we cut policemen, firemen and other critical city services to keep the entitlement beast fed.
I swear to god, monkeys with those magic fortune telling 8 Balls could make better decisions than the retards who run this city.
If there is one thing I am totally in favor of outsourcing, it's the fiscal decision-making of this city. The people who do it now are totally incompetent. Walk into any one of the hedge funds that operate here, give their eggheads a contract then just hand over fucking books and let them do it.
If we cut their salaries...along with half the alderman....?!?! We're looking pretty good!!!!!!
It seems there is just nothing left to do except to borrow from our pension funds.
It is just a matter of time before that drum starts beating.
Gee, another over-inflated goverment is crying poor. How about a major downsize across the boards. Federal, state, county, and city goverment could all use a downsizing.
maybe my property tax will go up another 12% for excellent city services including: the great public school system
those $24,999 no bid contracts add up fast
This is completely unsurprising. It's Toddler's last shot at those who dropped the sales tax. "LOOK WHAT YOU DID! NOW WE'RE IN A DEFICIT!"
At least this budget doesn't really mean anything, the new board pres will finish it after starting. I've seen in the news that Preckwinkle already has people looking into the budget and would assume Keats does too.
"Didn't his office recently purchase one hundred thousand+ dollars worth of new office furniture? Why would they buy new office furniture if they didn't have the budget to do so?
8/20/2010 12:06:00 AM"
because they can?
and where did the 'old' furniture end up?
"The people who do it now are totally incompetent. Walk into any one of the hedge funds that operate here, give their eggheads a contract then just hand over fucking books and let them do it.
8/20/2010 12:33:00 AM"
they're not incompetent.
they just have different end goals than you presume them to have.
BALANCE YOUR FUCKING BUDGET !!!
Don't spend more than you take in.
Start by reduceing the pay of todlers relatives.
Unbelieveable !
erkrl is looting before he is gone! Hey Pat Fitzgearld your chasing blago again,why not stroger-daley-madiagn-burke and the 49 cowrads with that? Come on sir load up the bus we will haelp thank you! Let blago go,get the stinky fish daley NOW!
"F*ck you, pay me"
Stroger apparently doesn't realize that consumers living in Crook County are doing their shopping in Lake, DuPage and Will counties, as well as crossing into Indiana, to avoid paying these outrageous sales taxes. I know I do.
Near Topic.
Sighting. This morning, 20 AUG 10, Friday at 0900 hours Department of Revenue F/1's on foot writing parkers on both sides of Wallace at 35th Street headed south. POS.
No worries. They're coming soon to a residential block near you!
BIG real estate tax jump coming after the mayoral election...
but the goof will still get reelected
It seems there is just nothing left to do except to borrow from our pension funds.
John Q public I agree.
to keep the entitlement beast fed.
We need Hubbie
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