Financial State of Chicago 2019 – Truth in Accounting

Chicago's debt increased by $2 billion in 2019, which will only deteriorate further with the current pandemic. Chicago will see a significant loss of revenue and increase in spending due to the coronavirus pandemic, which is something the city simply cannot afford.
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Bill
5 years ago

The answer is simple: DEFUND THE BOARD OF EDUCATION. It is nothing but a marxist indoctrination center that teaches the children to hate America. Why should we pay for that?

someone
5 years ago

Fingers tied behind back.

Poor Taxpayer
5 years ago

Ponzi Scheme

Mike
5 years ago

The Chicago politicians are addicted to debt as a druggie is to drugs.

Neither ends well.

Fed up neighbor
5 years ago

Terrible

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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