Results tagged “deficit”

State legislators approved a huge $29 billion public works program to create jobs and repair the state’s infrastructure, however roughly $500 million can be spent in legislator’s home districts on pet projects such as $50k for the Candlewick Lake Association, a gated lakefront community near Rockford with a 220-acre lake and a 9-hole golf course. The community did not ask for the money but according to Candlewick’s general manager, “We certainly will find good use for it,” he told WBBM. Other projects slated for grants include:

Daley’s preliminary budget is expected to include a $400 million budget shortfall, the largest in recent history, and some are speculating it will lead to layoffs. One union leader said the City’s Chief Financial Officer Paul Volpe and Intergovernment Affairs Director John Dunn have tried to prepare him for the worst.