Includes “… Together, we took on a broken budget. With this budget, we will have slashed our structural deficit by 82 percent. We moved each of our four pension funds from a path of insolvency to a path of solvency. The pension funds that for too long contributed to doubts about Chicago’s fiscal health are now a factor driving Chicago’s fiscal stability. When S&P upgraded their outlook for the City of Chicago to stable last year, they noted our pensions as a reason. In addition, the days of fiscal smoke and mirrors are behind us.”