“From a city level, what makes Chicago unique is the layering effect. Chicago is the worst funded city in pensions in the worst pension funded state in the country. The taxpayers that have to address Chicago’s pension problems are the same ones who have to address issues facing Cook County, the Metropolitan Water District, Chicago Park District, the Chicago Transit Authority, and the state.”

via Focus on Finance: Funding Pensions in the Windy City | Chicago Policy Review.