February 14, 2011
This report identifies the most significant financial challenges facing the City of Chicago and provides recommendations to the new Mayor of Chicago for ways to improve and stabilize the City’s finances in the short- and long-term. Those challenges include addressing the City’s significant budget deficit expected to be at least $500 million for FY2012, a growing bonded debt load, and crisis-ridden employee pensions.
Click here to read the press release for this report.
For more information about the various issues facing the City of Chicago, click here to read the Federation’s analysis of the City’s FY2011 proposed budget.
Click here to read all Federation research pertaining to the City of Chicago.