"By splitting its 'advance' pension payment, Chicago is inadvertently telling credit rating agencies, residents and city workers that its ability to manage pension obligations is becoming less certain. That points toward looming pension insolvency and a tipping point for Chicago city finances."
And will the bond rating agencies take notice and reduce Chicago’s bond status? Sure seems like the right thing to do and yet the agencies ignore the obvious signs of fiscal deterioration.
Deb
3 months ago
Chicago needs to stop progressive spending and political hires. Cut the budget.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
And will the bond rating agencies take notice and reduce Chicago’s bond status? Sure seems like the right thing to do and yet the agencies ignore the obvious signs of fiscal deterioration.
Chicago needs to stop progressive spending and political hires. Cut the budget.