Lightfoot spoke about the citys economic outlook at the event.
Lightfoot spoke about the citys economic outlook at the event.
She also landed a casino for Chicago that she hopes will alleviate that burden, but even by city officials’ projections, it will only pay for roughly 9% of annual pension costs when fully operational.
Some aldermen have questioned the administration’s casino projections.The previous mayor, Rahm Emanuel, issued record property tax increases and other hikes to fines and fees to help shore up the
funds, and on his way out of office, recommended amending the state constitution to reduce public workers’ pension benefits. He also floated the idea of borrowing $10 billion to reduce pension debt.
Comments
Post a Comment