CPS pushes back against City Council on pension payments as embattled chief Pedro Martinez garners support and scrutiny – Chicago Tribune/Yahoo
Payments to cover the pensions of non-teacher CPS retirees have shifted in part from the city to the district over the last four years as part of an effort to disentangle finances before CPS transitions to a fully elected school board. That this year’s pension payment was not included in CPS’ budget is among Mayor Brandon Johnson’s criticisms of the spending plan.
Led by troubled buildings in the urban core, almost $7.2 billion worth of Chicago-area commercial properties were distressed midway through the year, dwarfing the amount in any other major market except for New York City and San Francisco, according to research firm MSCI Real Assets. It’s a historic wave of financial pain fueled by the highest interest rates in more than two decades, new work patterns and investors wary of betting on downtown Chicago. Crain’s maps out prominent distressed buildings to track downtown’s post-COVID
Ted joined Jeff Daly to talk about why its racist to not admit that Chicago has a murder crisis considering a vast majority of victims are black, why Illinois’ deal with Chinese battery-maker Gotion is a national security issue, why Illinoisans should be upset about subsidies given the government’s overspending, the deficits impacting Chicago’s budget, and more.
Ted had a conversation with WVON’s Perri Small about the bad ideas Mayor Johnson has regarding the city’s budget, why the mayor is likely to break his promise and hike property taxes, why we still don’t know how much we’re spending on the migrant crisis, and more.