Emanuel: Chicago saved $83M since May

December 19, 2011 9:50:59 AM PST
Chicago Mayor Rahm Emanuel says the city has not only met its savings goal for 2011, it has surpassed it.

The mayor announced Monday that the city has saved more than $83 million through cost-cutting measures since May. That exceeds the mayor's goal of saving $75 million since he took office in May.

Among the initiatives launched in May were reducing senior staff expenses, merging government functions and freezing what it calls "non-essential" contracts.