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Chicago budget takes aim at its pension deficit

OCTOBER 24, 2019 | by Heather Gillers, Shayndi Rice | THE WALL STREET JOURNAL

By Heather Gillers and Shayndi Rice, includes “… Without that cooperation, Ms. Lightfoot said, the city will need to make ‘painful choices,’ an apparent reference to the possibility of raising property taxes, which she has made clear she is not ruling out. A spokeswoman said Ms. Lightfoot isn’t currently considering shoring up the city pension fund with borrowed money, a possibility contemplated by Mr. Emanuel.”

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