Ameya Pawar (I-North Center) has promised to cut his mayoral aldermanic salary to about $60K, according to his blog. Pawar is running for the 47th Ward position in the 2011 municipal election. His pledge can be seen on his fact check page.
That page includes charges that Incumbent Ald. Eugene Schulter (D-North Center) has accepted $20K in campaign contributions from individuals representing interests in the Western Avenue TIF district and $30K from individuals and corporations involved in liquor distributing and other businesses doing business before the City Council Liquor Commission.
In total, Schulter has a campaign chest of $800K according to reports filed with the State of Illinois.