City of Chicago’s cash cushion plummets, debt triples, arrests drop, water use rises

City of Chicago’s cash cushion plummets, debt triples, arrests drop, water use rises - Chicago Sun-Times:
"Last week, Moody’s Investors ordered an unprecedented triple-drop in the city’s bond rating, citing Chicago’s “very large and growing” pension liabilities, “significant” debt service payments, “unrelenting public safety demands” and historic reluctance to raise local taxes that has continued under Emanuel."