US: Chicago mayor set to unveil budget, plan for huge deficit - - PressFrom - US
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US Chicago mayor set to unveil budget, plan for huge deficit

08:25  23 october  2019
08:25  23 october  2019 Source:   msn.com

Chicago Teachers Union To March Through City Three Days Ahead Of Strike; No Negotiations Monday Morning

  Chicago Teachers Union To March Through City Three Days Ahead Of Strike; No Negotiations Monday Morning The Chicago Teachers Union is just three days away from going on strike if a new contract isn't reached with the city.The teachers plan to hold an indoor rally and then march through the city Monday afternoon but say they’re not expecting any negotiations before then.

Chicago Mayor Lori Lightfoot, who swept into office five months ago on a promise of wholesale reform, presented a sobering reality Thursday — the city faces a massive budget shortfall and major tax increases may be necessary. Lightfoot said the nation's third largest city will have an 8 million.

CHICAGO (Reuters) - Chicago would refund .3 billion of outstanding debt to produce a one-time, 0 million savings to help plug a big hole in its upcoming The bond plan is the biggest piece of a budget -balancing puzzle that Mayor Lori Lightfoot has announced so far as she prepares to unveil a

CHICAGO (AP) — Chicago Mayor Lori Lightfoot is expected to detail how the nation's third-largest city should deal with an $838 million budget deficit when she delivers her budget address to the City Council.

Chicago Teachers Union president Jesse Sharkey speaks at a rally outside of an elementary school where striking teachers picketed on Tuesday, Oct. 22, 2019, in Chicago. Striking Chicago teachers are preparing for an extended walkout and trying to increase public pressure on Mayor Lori Lightfoot, with a downtown march set for Wednesday around the time the first-term mayor is set to deliver a key speech to the City Council. (AP Photo/Teresa Crawford) © Provided by The Associated Press Chicago Teachers Union president Jesse Sharkey speaks at a rally outside of an elementary school where striking teachers picketed on Tuesday, Oct. 22, 2019, in Chicago. Striking Chicago teachers are preparing for an extended walkout and trying to increase public pressure on Mayor Lori Lightfoot, with a downtown march set for Wednesday around the time the first-term mayor is set to deliver a key speech to the City Council. (AP Photo/Teresa Crawford)

Lightfoot's speech set for Wednesday morning comes on the fifth day of canceled classes during a strike by Chicago Public Schools teachers. The city's budget Lightfoot will address is separate from the school district's.

Lightfoot has already said her budget proposal will include a tax on solo riders using ride-hailing services in or out of downtown and doubling the tax on food and drinks in restaurants.

In her first State of the City address, Lightfoot said she wanted to avoid raising revenue from those least able to pay or by using strategies that could drive businesses from the city.

Chicago teachers' strike enters another week after talks fail .
Chicago teachers' strike enters another week after talks failEach side blamed the other for the impasse in the United States' third-largest school district, where the strike began on Oct. 17, and the union, which represents the city's 25,000 teachers, has been without a contract since July 1.

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