Tax hikes have eased—but not cured—city's budget woes, watchdog says

Crain's Chicago Business

This article covers the Civic Federation’s recent analysis of the City of Chicago’s FY2017 proposed budget. The Federation supports the City’s FY2017 budget because it continues to address unfunded pension liabilities and makes significant improvements to past financial practices. Civic Federation President Laurence Msall remarks that Chicago is in much better shape than it was five years ago but is not out of the woods yet.