The Traderszone Network

Published in TZ Latest News 12 May, 2015 by The TZ Newswire Staff

How Chicago has used financial engineering to paper over its massive budget gap

This article explains that the City of Chicago has concealed how it has dealt with its budget gap over the past decade. The city failed to cut its recurring expenditures to match its recurring revenues after it blew through its reserve funds. Instead, two administrations have: