Sunday, July 27, 2008

Chicago's Budget Crisis

The Chicago Sun-Times reports:
Top mayoral aides have been meeting privately with union leaders to prepare them for the loud noise they'll hear this week, when Mayor Daley lowers the budget boom.

Daley's preliminary 2009 budget is expected to include the largest shortfall in recent memory -- more than $400 million, according to some sources -- setting the stage for service cuts, employee layoffs, unpaid furlough days or a combination of the three.