News Article: Is Chicago the new Detroit?

[Displaced Bama Fan]

http://www.mychinews.com/news/chicago-financial-crisis

But there is some good news, according to Mayor Emanuel, about Chicago’s financial future.
Over the past four years, Chicago’s structural deficit has been cut by two-thirds and the 2016 budget will have that number at its lowest mark since 2008. This means that over the next four years, the city is on the path to eliminating its structural deficit.

Congratulations, you're almost not having to borrow money to meet your annual "obligations."

Better dig a little deeper and cut some more unnecessary spending.

 

[Jon]

http://www.mychinews.com/news/chicago-financial-crisis



Congratulations, you're almost not having to borrow money to meet your annual "obligations."

Better dig a little deeper and cut some more unnecessary spending.

No.

 

[Displaced Bama Fan]

No.

Not yet. Baltimore is quickly catching up. Memphis is on the cusp as well.