Times is rough and tough like leather | Bleader

Tuesday, September 30, 2008

Times is rough and tough like leather

Posted By on 09.30.08 at 10:59 AM

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The city will be laying off 1,000 workers. Plus:

"Alderman Ed Smith said Monday that the administration expects revenues to continue to decline for at least the next two years, but officials have ruled out a tax increase."

The credit crunch is also going to make financing via municipal bonds much, much harder.

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