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Emanuel waiting for Springfield smoke to clear on budget

Emanuel waiting for Springfield smoke to clear on budget

Mayor Rahm Emanuel on Wednesday said the new City Council and his administration would hold off on considering how to raise money to plug massive budget and pension holes. Before having those tough talks on which taxes and fees the city should raise, Emanuel said he wanted to wait to see what lawmakers in Springfield might to do to alleviate Chicago's budget woes, how a court will rule on a pension deal that covers two of the city's retirement funds and how his negotiations on funding the city's police and fire pensions shake out. "I want those things to play out, to see where we are, to make sure we're in the best position," the mayor said. As a result,...

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