Press Detail

City: Departments have overachieved at cutting their costs

Posted on December 19, 2011

Chicago Sun-Times

The focus of this article is an announcement by Mayor Rahm Emanuel’s administration that it exceeded its budget-trimming goal by cutting $8 million more than the $75 million that was targeted in May. The Civic Federation said the announcement represented a significant step forward, but cautioned that the city is still in a financial crisis with a structural deficit and severely under-funded pensions.