Mayor Rahm Emanuel’s budget continues a long history in Chicago of questionable fiscal management of misconduct lawsuits. From 2012 to 2015, the city spent more than $263 million on settlements, judgments and outside legal counsel for police misconduct. But only $70 million was budgeted for those costs, and the city issued bonds to cover them. At the high interest rate Chicago paid, that borrowing will cost taxpayers more than double over the life of the 30-year bonds.