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Mayor Rahm Emanuel announced today that he has reached an agreement with City Council members on several items in the proposed 2012 budget and will submit formal amendments to his budget plan on Monday.
“We have held to our principles, followed through on the tough choices and that’s a win for Chicagoans and their future,” said Mayor Emanuel.
Mayor Emanuel was joined at the announcement by Ald. Carrie Austin (34th), Chairman of the Committee on Budget and Government Operations, Vice-Chairman Brendan Reilly (42nd) and Budget Director Alex Holt.
“This process is about working together to reach a balanced budget plan that will provide the people of Chicago with quality services, while keeping those services affordable to taxpayers,” said Alderman Austin. “These amendments will help accomplish that goal.”
The amendments to the mayor’s budget plan will include the following:
City Vehicle Sticker
Streets and Sanitation
The changes in the budget proposal will be cost neutral in that the additional $4.3 million in corporate fund expenses will be offset by the additional revenue from increasing the fines and enforcement for vehicle sticker scofflaws.
Mayor Emanuel announced his budget plan last month that included $417 million worth of expense reductions to help close a $635 million gap between expected revenues and expenses next year.
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