Layoffs, Taxes, Drawdowns in a ‘Not-Good-News' 2009 City Budget

(Crain’s) — Combining nearly 1,000 layoffs with tax hikes and a bag full of financial tricks, Mayor Richard M. Daley on Wednesday finally unveiled his proposed 2009 city budget, a document that he dourly conceded “is not a good-news budget.” A total of 929 city workers would lose their ...

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