CHICAGO -- A prominent Chicago fiscal watchdog group said Monday it supports Cook County, Ill.’s proposed 2014 $3.2 billion budget but warned that growing pension obligations and budget deficits could pose “enormous” fiscal problems in the future.

The Civic Federation Monday released a 91-page analysis of the spending plan unveiled earlier this month. Budget hearings began last week. Cook, which includes Chicago, is the third largest county by population in the U.S.

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