Illinois Gov. JB Pritzker on Friday signed pension legislation that will put Chicago on the hook for an additional $60 million in its fiscal 2026 budget, rising to $750 million in 2055, for a total of $11 billion over the next 30 years.
“Without progressive revenue, there is not a pathway that allows us to maintain these obligations,” – Mayor Cliff Notes When even the three blind mice at ‘The Bond Buyer’ finally acknowledge just how painted into a corner Chicago finances are, <fecal material> must have ‘got real’. Remember, kids, this is the same publication that lauded Moody’s credit rating improvements for Chicago and Illinois. That this was all based on the temporary Uncle Fed smoke and mirrors of the Inflation Production Act didn’t seem to bother them. Yep. Thanks to political animal Martwick and the imprudence of JB the Hutt, <fecal… Read more »
David F
9 months ago
Chicago needs to print BJ bucks and pay their retirees with them.
JB should start doing the same for Illinois pensions and assign a % value of a dollar, start with 100% and then start dropping the percentage.
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.
“Without progressive revenue, there is not a pathway that allows us to maintain these obligations,” – Mayor Cliff Notes When even the three blind mice at ‘The Bond Buyer’ finally acknowledge just how painted into a corner Chicago finances are, <fecal material> must have ‘got real’. Remember, kids, this is the same publication that lauded Moody’s credit rating improvements for Chicago and Illinois. That this was all based on the temporary Uncle Fed smoke and mirrors of the Inflation Production Act didn’t seem to bother them. Yep. Thanks to political animal Martwick and the imprudence of JB the Hutt, <fecal… Read more »
Chicago needs to print BJ bucks and pay their retirees with them.
JB should start doing the same for Illinois pensions and assign a % value of a dollar, start with 100% and then start dropping the percentage.