Commentary: Chicago’s budget process is chaotic. It needs a stronger Office of Financial Analysis. – Chicago Tribune*

"While poorly timed, it is healthy to see real democracy at work in Chicago. The stakes are also higher. The expenditures associated with underfunded pensions consume more than 20 percent of the operating budget. This crowds out needed services such as policing and infrastructure. Both are critical to a safe and prosperous Chicago."
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Free at Last
1 year ago

And the Tribune comes through with another of its genius level ideas. Solve dysfunctional government with more government. Do any of you see the hopelessness of the system you live in?

Phil Chiricotti
1 year ago

Timely. In my opinion, the pension contributions, debt service and unfunded health liabilities, a real ticking bomb, are already absorbing 50% of the revenue. In other words, 50% of the revenue is not available for managing and servicing the municipality. In other words, their real purpose is already impaired dramatically. Knowing governments, you can also assume there are other liabilities that we don’t know about.

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