City’s Budget Shortfall Expected To Surge To $1 Billion

Chicago City Hall.

City's Budget Shortfall Expected To Surge To $1 Billion

(Reuters) – Chicago’s preliminary budget gap is expected to fall next year but is on track to nearly triple in 2015 without pension reform, Mayor Rahm Emanuel said on Wednesday.
The city, which faced budget shortfalls topping $600 million in fiscal 2011 and 2012,

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