Ed Burke lobbying bonanza ethanol bill spared – Chicago Tribune

Burke’s ordinance is what’s known in political circles as a fetcher bill. Last year, it spurred a lobbying bonanza at City Hall as the major industries on both sides of the issue spent tens of thousands of dollars on heavy-hitters to try to persuade aldermen and aides to Emanuel that they should prevail. Now that the measure is still alive, that lucrative lobbying work can continue.

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An Absolutely Crucial Issue for Chicago, Other IL Municipal Pensions is Unanswered – WP Original

By: Mark Glennon*   If Chicago or another Illinois municipality let its pensions run dry, either willfully or not, would that municipality be obligated to pay the pensions’ obligations? ‘Yes’ has been the widely assumed answer, but it’s in fact an open question, and the answer has monumental implications.   We were the only ones who saw the significance at the time, but buried in a few articles a couple weeks ago was mention that Chicago now claims it is not legally liable. On May 12, we wrote, as a comment on a link to a Chicago Tribune article, “This

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Chicago Bonds: Junk or Not Junk? That is the Question – STUMP

Comment: Among the points made by this actuary: “Guys, you really need to think through why pensions are pre-funded as opposed to pay-as-you-go. ” That’s what is so often overlooked. As we gradually slide towards our pensions becoming pay-as-you-go, they become far more expensive than properly funded pensions.

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