Council opposition wins Round 1 in budget battle with Mayor Johnson – Chicago Sun-Times

The aldermen's $409 million package of amendments would shave $100 million from the $1 billion tax increment financing surplus that Johnson wants to use to rescue Chicago Public Schools; cancel the mayor’s plan to borrow $166 million to cover retroactive pay raises for firefighters and paramedics; and fully fund the $260 million advance pension payment that the mayor proposed to cut by more than half. It further includes $73.5 million in efficiencies outlined in a road map provided by EY.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE