Aldermen call for transparency as Chicago wrestles with deficit over $1 billion – Center Square

The city’s chief financial officer, Jill Jaworski, discussed the cost of Illinois House Bill 3657, which Gov. JB Pritzker signed Aug. 1. The new law enhances Tier 2 pensions for Chicago police and firefighters. “Annual pension contributions will grow by $60 million starting in fiscal 2027 but will balloon over time, reaching an estimated $750 million by 2055. In total, we estimate the legislation will require $6.6 billion in additional contributions over the plan’s 30-year funding horizon,” Jaworski said.
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mqyl
8 months ago

BJ is trotting out to the field for that long, game-winning can-kick.

Where's Mine ???
8 months ago

Who’da thunk, you can bet every city departments along with CTU/Brandon wants ZERO CUTS to even ONE city worker hired with what was supposed to be one time ARPA-COVID $billions$. Getting dopey city/state taxpayers to pick up the now spent ARPA-COVID $billions$ tab si all that counts going forward.

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