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Praise for Chicago budget, with caveats

from The Bond Buyer

Chicago's proposed $8.2 billion 2017 budget won the Civic Federation of Chicago's endorsement in recognition of the city's progress in tackling pension funding shortfalls and shedding poor financial practices. But the civic research group's support came with a list of concerns, and warnings that the city has yet to emerge from the fiscal weeds that dragged its ratings down as low as junk. more

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