City Facing Record Shortfall in 2015 Barring Pension Reform, Deficit near $1 Billion

City facing record shortfall in 2015
ChicagoTribune.com

The day of financial reckoning for Chicago is not far off, with the city budget shortfall expected to near a record $1 billion in 2015 if major changes are not made to the government worker pension systems, city officials said Wednesday.