Chicago to contribute $2.7 billion to city’s underfunded pension plans – Pensions & Investments

The forecast, the first for Johnson since he took office in May, projects an overall $538 million shortfall due to "rising personnel, pension, and contractual costs, as well as the cost to care for new migrants arriving to the city," according to the shortfall report.

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Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

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