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$500 million property tax hike 'not enough' to shed Chicago's junk bond rating, analysts warn

Posted on September 09, 2015

Chicago Sun-Times

This article covers a September 8 City Club panel on Chicago finances that featured Civic Federation President Laurence Msall alongside Municipal Market Analytics Partner Matt Fabian, Crain’s Chicago Business columnist Greg Hinz and City of Chicago CFO Carole Brown. Msall said a reported $500 million property tax increase would only be one part of what will be necessary to address the financial crises facing the City of Chicago and Chicago Public Schools.