New contract for Chicago Police Officers

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The Police Union voted to ratify a five-year deal that includes an 11-percent raise for its 10,000 members, and $65 million in back pay.

City officials say they might need to use short-term borrowing to cover that cost.

The Fraternal Order of Police says more than 66 percent of its members voted in favor of the new contract—their largest ratification percentage in collective bargaining history.

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