By Mark Glennon, includes “Peanuts. That’s what you’d think it would take to stabilize Chicago’s fiscal situation if you relied on a Reuters story last week. Chicago’s budget gap, the article says, “has been shrinking since hitting a high of $654.7 million in fiscal 2011…. The city is projecting a $114.2 million shortfall in fiscal 2018.”  Looks like great progress and nothing a little tax increase wouldn’t fix. … But let’s look at actual results based on the city’s audited financial statements. Here’s what Bill Bergman at Truth in Accounting wrote in July upon release of the most recent statements …”

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