Chicago delaying pension payment, running low on cash – Illinois Policy

"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."
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Fed Up Taxpayer
3 months ago

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.

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