Crain's Chicago Business
This editorial discusses an upcoming $550 million increase in the City’s required pension payments and the stance of both mayoral candidates on increasing property taxes leading into the April 7 election. It cited the Civic Federation’s FY2015 City of Chicago Budget Analysis which said it was difficult to see how the City could make the increased payment without a significant increase in the city's property tax levy, crippling cuts to city services, or both.