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Truth in Accounting report paints grim picture of Chicago’s finances

JULY 15, 2019 | by Glenn Minnis | CHICAGO CITY WIRE

“The debt load of every taxpayer in Chicago continues to swell as lawmakers across the city have shown no progress in trimming the massive deficits that have led a fiscal watchdog group to give the city a failing grade in its latest annual financial report. … Weinberg said the only way city officials can begin to remedy the situation is by first admitting what seems obvious to many. ‘Stop pretending the budget is balanced and telling people it’s balanced,’ she said.”

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