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Added Nov 15 2017

From Crain's Greg Hinz and Truth in Accounting:

In a report that City Hall won't like much, a Chicago-based watchdog group says hundreds of millions of dollars in recent tax hikes haven't done much to improve Chicago's woeful financial condition—at least so far.

Truth in Accounting, a somewhat conservative research group whose board runs the ideological spectrum, gives the city an F on its overall financial breakdown, saying each Chicagoan would be on the hook for $41,700 in unfunded liabilities if the city shut down tomorrow and had to reconcile its books—more than many people make in an entire year. Overall, it concludes that "Chicago finances (are) still in peril."

    Crain's Chicago Business
    Visit Crain's Chicago Business for complete business news and analysis including healthcare, real estate, manufacturing, government, sports and more.
  • YakovBok In the RP since 1996

    And yet people will continue to vote the clowns back into office simply because they have a "D" after their names.

  • Dan Miller RP/WR resident since 1978

    Democrats have been running Chicago and the General Assembly for 32 of the last 34 years. Yes, both parties are to blame. But one party deserves more blame than the other, and unless we recognize where blame belongs, our elected leaders will keep digging the financial hole deeper.

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Posted to Rogers Park

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