Facing ‘Zero Easy Choices,’ Mayor Lori Lightfoot Stands By Call For $94 Million Property Tax Hike To Balance 2021 Budget – CBS2 (Chicago)
The mayor said one of the things driving the decisions she’s made in her budget plan is the fact the city’s four employee pension funds are “woefully underfunded,” and the city’s need to meet its obligation to retirees, and city employees who will be retiring in the future.