Monday, October 19, 2009

Daley Unveils Some Budget Plans -

Daley Unveils Some Budget Plans - "Faced with a $550 million budget deficit, Chicago Mayor Richard M. Daley on Monday said that all non-union city workers would take nearly five working weeks of unpaid leave next year to save the city money.

Daley announced plans Monday to save $114 million by requiring 3,600 non-union city workers to take 24 unpaid days off, eliminating 220 vacant jobs and cutting expenses like travel and supplies by $20 million."

That's the equivalent of a 9% pay cut. Note that union employees are exempt. Daley's hail Mary strategy was that failed Olympic bid. Now the bitter reality of the city's financial picture has to be faced.

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