Press Detail

Emanuel budget expected to rely on improving economy

Posted on October 10, 2012

Chicago Tribune

Mayor Rahm Emanuel’s FY2013 budget recommendation, presented on October 10, closes the City’s projected deficit without raising taxes or fees. The Civic Federation said the City will face a $700 million increase in pension contributions just for the police and firefighter retirement funds in 2014 without the passage of urgently-needed reform legislation from the Illinois General Assembly.