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