Chicago Mayor-elect Brandon Johnson will inherit a healthier fiscal landscape than previously expected, according to an updated forecast Mayor Lori Lightfoot unveiled that raises near-term surplus projections and trims projected gaps in the coming years.
There is little to no hope of saving the pension system. It is DOA unsustainable as it currently is. Revenues are declining fast; expenses are growing faster than the Governors waistline. Taxes will have to double and double again and again to even come close to covering the need for cash flow. There will be no one left to tax soon and the Chitty is losing population.
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.
There is little to no hope of saving the pension system. It is DOA unsustainable as it currently is. Revenues are declining fast; expenses are growing faster than the Governors waistline. Taxes will have to double and double again and again to even come close to covering the need for cash flow. There will be no one left to tax soon and the Chitty is losing population.