County property tax bills misstated Chicago’s pension debt by more than $37 billion: ‘S— happens’ – Chicago Sun-Times

The actual unfunded pension liability of the city is $37,271,645,937. That’s some $37,234,374,292 higher than the erroneous figure on the tax bills. The city’s total health care and pension debt was listed as $47.1 million instead of billion. The incorrect data shown on tax bills did not affect any payment amounts, Treasurer Maria Pappas's office said.
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Old Joe
2 years ago

Nothing to worry about. Just ask PPF.

Hello, Indiana!
2 years ago

Dems happen.

Riverbender
2 years ago

Does it mater if they are misstated? My guess is if you took a poll on election day about what t he pension balances were you would mostly hear crickets.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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