Mayor Emanuel Presents Balanced 2016 Budget to City Council

Mayor Rahm Emanuel presented his 2016 budget proposal to the City Council and outlined a plan that continues his record of reform and investment, while taking essential steps to right the City’s financial ship. In his fifth budget address, Mayor Emanuel called on the members of the City Council to build on the reforms that have already been made to strengthen Chicago’s economy and build a solid foundation for the future while asking the business community and wealthier homeowners to pay their fair share. His plan makes essential investments in Chicago’s youth, infrastructure, and neighborhood services while at the same time reducing the City’s structural deficit and funding the inherited costs associated with police and firefighter pensions in a way that does not burden those who can least afford it.