CHICAGO -- Local governments in the five suburban Chicago counties are facing increased financial pressure because of property tax caps imposed by Illinois lawmakers in 1991, according to a report issued this week by Moody's Investors Service.

Harvey Zachem, a vice president in the Great Lakes regional rating group at Moody's, said that the rating agency believes that "the cumulative effects of the cap will become more burdensome and may have credit implications for certain" governments.

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