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Lightfoot must pursue pension reform, reasonable labor contracts to fix Chicago’s budget

Bill Reveille  |  June 21, 2019

“According to Chicago’s Comprehensive Annual Financial Report, or CAFR, for 2017, the most recent available, the city spent over $900 million more than its revenues in 2017. Since 2011, the city’s net deficit – the amount by which the city’s short- and long-term liabilities exceed its assets – has increased to over $28 billion.”

Read the full article on: Illinois Policy Institute

 
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