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In Chicago, A Test Of Wills Over A Budget Deficit

Posted on July 29, 2011

National Public Radio

This news segment examines the work that lies ahead for City of Chicago Mayor Rahm Emanuel as he finds ways of plugging the City’s projected $600 million budget gap for next year. Civic Federation President Laurence Msall says that the City entered into the recent economic recession with an operating deficit, inadequate reserve funds and no long-term plan to cope with financial challenges.