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home : news : state news free December 17, 2014

   
10/10/2012 1:14:00 PM
Chicago mayor: budget with no new taxes

CHICAGO (AP) — Chicago Mayor Rahm Emanuel is presenting the City Council a new $8.3 billion budget with no increased taxes and no new fees.  

In an address in which he vowed to cut 275 city jobs this year, Emanuel says there are signs the city’s economic picture has brightened — like a jump in hotel construction and the number of trade shows held at McCormick Place.

But the mayor sounded a warning, telling the council if city services remain the same and no changes are made to the pension system it will mean residents will have to pay 150 more in property taxes.


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