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Infographic: Fiscal condition of the four Chicago pension funds

Kevin HoffmanReboot Illinois

Sep 29, 2016

The total debt of Chicago’s four pension funds soared to more than $33 billion at the end of 2015, according to the city’s latest annual financial report.

Chicago Mayor Rahm Emanuel last year pushed through the largest real estate tax hike in the city’s history to shore up police and fire pension funds, raising homeowners’ overall tax bill by an average 13 percent.

More recently, the city council approved the mayor’s plan for a 29.5 percent tax on water and sewer bills to save the Municipal Employees’ Pension Fund. Before that came a 56…

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