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City audit shows improving financial picture, declining pension obligation

JULY 12, 2018 | by Fran Spielman | CHICAGO SUN-TIMES

“Mayor Rahm Emanuel closed the books on 2017 with $155.5 million in cash on hand, up just $2 million from the year before, but the pension crisis that has triggered a $2 billion avalanche of tax increases got better, a city audit showed Wednesday. … Emanuel has identified dedicated funding sources for all four city employee pension funds after overriding a series of vetoes by Gov. Bruce Rauner. …” 

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