They're pretending Chicago's 2015 budget shortfall is $300 million instead of $850 million because they're ignoring the $550 million they owe to police and fireman pensions; putting that off until October.
The expected-to-raise $12 million "cloud tax" will cover 4% instead of 1.4%. So that's good news...
After selling parking meter collection rights, and trying to sell Midway, surely they still have some other public infrastructure cash flows left they can sell off and then squander the proceeds when the check clears.
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They're pretending Chicago's 2015 budget shortfall is $300 million instead of $850 million because they're ignoring the $550 million they owe to police and fireman pensions; putting that off until October.
The expected-to-raise $12 million "cloud tax" will cover 4% instead of 1.4%. So that's good news...
http://www.chicagobusiness.com/article/20140801/NEWS02/14073...
After selling parking meter collection rights, and trying to sell Midway, surely they still have some other public infrastructure cash flows left they can sell off and then squander the proceeds when the check clears.