Vote nears in Harvey on settlement in Illinois public safety pension fund intercept cases – The Bond Buyer

The Harvey, Illinois, City Council will consider a settlement agreement with its public safety pension funds that would resolve a state diversion of funds the fiscally distressed Chicago suburb has warned threatens its ability to keep the lights on and meet payroll. “The settlement saves Harvey from a de facto bankruptcy,” said Harvey’s lead attorney, Bob Fioretti of Roth Fioretti LLC. Parties to the settlement include holders of $6 million of revenue bonds secured by hotel-motel and sales taxes