Chicago approves Mayor Emanuel’s 2013 budget

This week the Chicago City Council approved the Mayor’s 2013 budget for the city by a vote of 46 to 3.  According the news reports, the $8.3 billion budget balances the city’s finances without adding new taxes, fines or fees.  It also gets rid of the employee head tax by the end of 2013.

The city budget did have a $369 million projected deficit; however, that was dealt with through spending reforms, spending cuts and additional savings and revenues.  For more details on Mayor Emanuel’s 2013 budget, you can read “Chicago mayor gets budget approved.”