Chicago Budget Director on Anticipated Shortfall, Hiring Freeze …
Sep 16, 2024 · Chicago Budget Director Annette Guzman joined “Chicago Tonight” to discuss those strategic decisions. On anticipating the deficit: “In January, beginning this year, we started to look at our expenditures, to better understand where our expenditures were going, as well as where our revenues were coming in.
Official Statement from Budget Director Annette Guzman
Sep 9, 2024 · The $982.4 million FY2025 budget forecast gap is largely driven by rising personnel, pension, and contractual costs, alongside ongoing revenue challenges. These measures, while necessary, reflect our commitment to responsible fiscal management during a time of financial uncertainty.
Chicago Officials Announce Hiring Freeze, Overtime Cuts as City …
Sep 9, 2024 · The move was announced Monday by Annette Guzman, the city’s budget director, and comes as city leaders stare down a $222.9 million deficit this year and a projected $982 million shortfall in the 2025 fiscal year.
Chicago budget director announces citywide hiring freeze in
Chicago Budget Director Annette Guzman announced a citywide hiring freeze as part of her office's efforts to mitigate the nearly $1 billion deficit projected for 2025.
'We are literally tapped out': Chicago city leaders react to hiring ...
Sep 9, 2024 · In an official statement from Budget Director Annette Guzman on Monday, the city announced it has enacted a citywide hiring freeze, along with “stringent limitations” on non-essential...
Mayor Brandon Johnson Calls for $300M Property Tax Hike To Close Budget …
5 days ago · In addition, Johnson’s budget calls for the city’s tax on alcohol sales to increase to keep pace with the increase in the cost of living, the first increase in 15 years, which is expected to raise $10.5 million, said Budget Director Annette Guzman.
Chicago enacts hiring freeze, limits overtime due to budget ... - CBS News
Sep 10, 2024 · In a statement, the city's budget director, Annette Guzman, said the measures would go into effect immediately. The overtime limits will apply to expenditures "outside of public safety...
Annette Guzman, ’06, Appointed City Budget Director by Mayor …
Veteran financial advisory professional Jill Jaworski will take the helm of Chicago finances as chief financial officer and Cook County budget director Annette Guzman will become city budget director in Mayor-elect Brandon Johnson's administration.
Mayor Johnson Enacting City Hiring Freeze, Limiting Overtime To …
Sep 9, 2024 · The hiring freeze went into effect on Monday, budget director Annette Guzman said in a statement. It was not immediately clear if it also applies to the Chicago Police Department, which will not be bound by the new limits on overtime.
'Everything is on the table' to eliminate $982.4 million budget ...
Sep 5, 2024 · Budget Director Annette Guzman said options range from layoffs and pay cuts on the expense side to a property tax increase, video gaming and volume-based garbage collection fees on the revenue end.