CHICAGO (Reuters) - Chicago Mayor Rahm Emanuel, facing budget cuts from the debt-ridden state of Illinois and the federal government, turned to the private sector on Thursday to finance $7.2 billion in rebuilding of the city's aging subways, sewers and schools. Emanuel, who laid off hundreds of workers in his first year in office to close a $636 million gap in the city's $6.3 billion budget, said no taxes would be raised to pay for infrastructure he said would create 30,000 jobs over the next three years. ...
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Chicago, short of money, turns to private sector
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