Civic Committee’s answer for city’s financial woes — less borrowing, rein in spending, shrink the payroll
The Civic Committee of the Commercial Club released a report recommending that Chicago address its $882 million budget gap by reducing spending, payroll, and borrowing.
With an $882 million budget gap to fill less than five months before the mayoral and aldermanic election, there have been no shortage of reports recommending ways to solve Chicago’s financial crisis.On Thursday, the Civic Committee of the Commercial Club, one of Chicago’s most influential business groups, weighed in with a 66-page report it called “Chicago’s Fiscal Future: A Roadmap to Reform.”It includes dozens of recommendations to rein in spending, shrink a city payroll that ballooned during…
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