Chicago’s Elite Fights Progressive Mayor Over Schools and Taxes – Bloomberg/Yahoo
“We have to make Chicago an attractive place for people to want to come, and instead, people are fleeing,” said Pete Kadens, who made his fortune in the solar and legal cannabis industries before co-founding Hope Chicago, a nonprofit focused on post secondary education. “The business community really understands that, and they’re invested. For the next couple years, I think they’re going to fight, there’s going to be a lot of pushback on Johnson’s agenda.”
Fitch Rating’s most recently calculated state-by-state pension debts show that Illinois has the biggest pension shortfall in the country. At $172 billion, Illinois is the nation’s extreme outlier. It’s impossible to overstate just how menacing those massive pension shortfalls are to the future of this state and to the future of everyday residents.