October 10, 2012

Chicago Sun-Times

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This article focuses on projected revenue from new speed cameras and other details from Mayor Rahm Emanuel’s FY2013 budget proposal. The Civic Federation said the Mayor outlined a reasonable plan to reduce the City’s structural deficit, but warned pension funding remains a dangerous threat to the City’s finances. As described in this post, the City faces a $700 million increase in its required pension contributions in FY2015.