Chicago Splits 2026 Advance Pension Payment on Cash Crunch – Bloomberg

It would be the first time since the payment policy took effect in 2023 that the city isn’t planning to pay the full amount in January. The move underscores the financial stress that Chicago is facing. Local property tax distributions from Cook County have arrived late and the city’s expenses including for labor, pensions and material continue to rise.
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Leaving Soon, just not soon enough
4 months ago

Alfred E. Neuman “What Me Worry?” Chicago is the city that is dying an economic death. One day (sooner than you think) the checks will bounce. Smart people are fleeing the state to avoid this economic disaster. Pensions are harder to get rid of than herpes.

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