Chicago’s departing CFO urges caution on firefighter pension enhancements – The Bond Buyer

Chicago can't afford the estimated $3.2 billion price tag of a proposed state pension funding mandate for firefighters hired after 2010 without jeopardizing the city's ratings upswing and forcing a property tax hike or public safety cuts, Chicago's chief financial officer warned state lawmakers in one of her last acts in office.
4 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Where's Mine ???
3 years ago

this pretty good Crains/ Hinz article states that Brandon’s staying silent on Chicago Cop/Fire bill dropping Tier II. But his deputy chief of staff Pacione-Zayas is one of the sponsors of bill?? Unbelievable!!

“Chicago’s new mayor, Brandon Johnson, so far has declined to comment on the firefighter bills. Complicating the matter is that his new first deputy chief of staff, state Sen. Cristina Pacione-Zayas, is one of the Senate sponsors of the bill.”

https://www.chicagobusiness.com/politics/firefighter-cook-county-pension-bills-springfield

Where's Mine ???
3 years ago

It’s truly stunning how overturning Tier II legislation is instantly #1 priority for machine/ “new machine” now that they are 100% in control. With ZERO consideration for how equity hustled chump taxpayers are going to have to pay for all the newly minted guaranteed zero risk $multi-millionaires$…..and yet all these pols keep peddling the same equity crap. UNBELIEVABLE!!!!

Poor Taxpayer
3 years ago

Government always makes the worst possible decision and lets the taxpayers pay out the A$$. The boat is sinking, and government is drilling holes in the bottom.

Giddyap
3 years ago

Democrats throw budget bricks to debt-drowning Chicago

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE