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Chicago: A Pension Fund with a City Attached?
Chicago Sun-Times; free registration may be required Link to more items from this source
May 5, 2014
"Gov. Pat Quinn has offered up a new way to pay down the pension debt cities and towns across Illinois have accumulated: increase the share of income tax revenue the state doles out to municipalities.... Relief cannot come soon enough for Chicago. Currently the City of Chicago has more than $19 billion in pension debt. That's five times the city's entire 2014 operating budget."

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