City facing $420-million budget hole

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City facing $420-million budget hole

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August 14th, 2008

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City facing $420-million budget hole

August 14th, 2008 02:38 PM - (Crain’s) — Declaring that the city faces the worst financial picture in decades, Chief Financial Officer Paul Volpe on Thursday confirmed what has become an open secret: The city of Chicago will begin the new year with a huge budget hole, anticipated to hit $420 million.

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City facing $420-million budget hole

City facing $420-million budget hole

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