CHICAGO - The unfunded pension liabilities of Chicago-area governments rose by nearly $2 billion to $18.7 billion in fiscal 2006 and by than $14.6 billion over the last decade - increases that if left unchecked could eventually lead to "full-blown fiscal crisis" for some governments, a local government watchdog group warned yesterday.

The annual review by the Civic Federation of Chicago covers 10 funds managed by local governments that include most Chicago and Cook County government employees. The $2 billion increase mirrored the growth rate reported last year by the federation in its review of fiscal 2005 figures, signaling that the trend shows no signs of abating.

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