Daley Proposes Tapping Reserves to Balance 2011 Budget

Chicago Mayor Richard Daley on Wednesday outlined his $6.1 billion plan to balance next year’s budget and close a historic deficit.

Speaking before the City Council, Daley proposed tapping into one-time revenue from a variety of funds, merging some city departments and eliminating more than 200 jobs.

DALEY: I know our plan to balance the budget will not satisfy everyone. They’ll debate whether we went too far or not too far enough, and that’s fine. As mayor, my job is to protect the taxpayers, and that’s what we have done.

Daley said he’ll also push legislation in Springfield to design a pension benefits plan for new employees.

The City Council will begin its hearings on the proposed budget next week.

Originally reported by Chicago Public Radio. Read the original article here.

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3 Responses to "Daley Proposes Tapping Reserves to Balance 2011 Budget"

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