Your NPR news source

Aldermen Search for Solutions to Pending Budget Shortfall

SHARE Aldermen Search for Solutions to Pending Budget Shortfall

Chicago aldermen today had one major topic on their minds: how to deal with a looming budget deficit.

The city’s financial problems didn’t get a lot of discussion on the council floor. But behind chambers, it’s all aldermen were talking about.

TUNNEY: Anything and everything’s on the table JACKSON: Right now, everything’s on the table BALCER: If the mayor says it’s that bad, it’s that bad MELL: The mayor was absolutely right when he said this is going to be a long, drawn-out thing.

The administration isn’t saying how big the 2009 budget deficit will be. But aldermen are looking at solutions, like having some city employees take a few unpaid days off. And they’re really hoping they don’t have to raise the sales or property taxes. The budget problems did bring out some critics of the mayor.

FIORETTI: I think it’s a signal that the administration doesn’t have a handle on what’s going on in terms of how large this shortfall will be.
MOORE: It would be nice to have a real honest assessment of our economic situation.

The city’s budget director says the sagging economy and bad housing market contribute to the shortfall.

The Latest