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Chicago facing $114.2 million budget shortfall in 2018

from Chicago Sun-Times

Chicago faces a $114.2 million budget shortfall in 2018 that does not factor in the steep cost of police reform, the second year of a police hiring surge or pay raises tied to soon-to-be-negotiated union contracts. Last year, Chicago faced a $137.6 million shortfall —— the city’s smallest in a decade — that did not include the cost of saving the largest of four city employee pension funds. more

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