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Chicago Budget Will Boost Police Spending

September 22, 2016

Chicago plans to bolster its police ranks as part of a broader plan to tackle a skyrocketing homicide rate that some believe threatens to undercut the city's recent fiscal progress. Spiking crime and the national headlines it spurs have a "corrosive" effect on the city's overall image and when that happens "people leave," warned Brian Battle, director of trading at Performance Trust Capital Partners. The city has to show that it is doing what's needed to protect the "the health, safety, and welfare" of residents, Battle said. "I think the mayor is being shrewd" in his fresh announcements.

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