Chicago's $700M deficit slashed, Mayor Emanuel says

July 30, 2012 (CHICAGO)

"It will show what could have been a deficit, and I'm going over the final numbers today. North of 700, we've cut it in half from a structural standpoint. That's through the hard decisions we made. The tough decisions to reinvent, rethink how we as a government operate," said Emanuel.

Emanuel said a change in the garbage collection system saved the city $15 to $20 million. Changes in worker's compensation resulted in another $15 million in savings.

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