Rising Pension, Healthcare Liabilities Help Drive $7.3 Billion Increase in Chicago Long-Term Liabilities Between FY2018 and FY2022 – Civic Federation

Significant increases in long-term liabilities over time can be a sign of fiscal stress. Between FY2018 and FY2022, the last year for which audited financial information is available, the City of Chicago’s total long-term liabilities increased by 18.5%
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Jim
2 years ago

…and when interest rates come down, those pension liabilities will be even higher.

Leaving Soon, just not soon enough
2 years ago

The Number is so high it will never be paid. Face the facts the Chitty will go bankrupt one day.

Old Joe
2 years ago

Nothing to worry about. The new casino will bring home any shortfall.

Old Spartan
2 years ago

I thought this was the budget that the Civic Committee and several local news outlets thought was a great step forward for the new mayor on fiscal matters. I guess they don’t know that long term liabilities are an important part of a balance sheet.

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