Column: The Chicago Park District’s 30% Funded Pension Plan – And More Tales Of Illinois’ Failed Governance – Forbes

Elizabeth Bauer: "To start with the basics, the Chicago Park District is a separate entity than the city of Chicago, although its commissioners are appointed by the mayor. Its liabilities are not included in the city’s accounting; if they were it would be a small sliver, only 3%. But that’s still over $800 million in debt. "