By Mark Glennon -
In the Chicago City Council discussion Tuesday about the budget it passed, Mayor Emanuel was asked what the plan is to deal with big looming pension payment spikes. We have never run away” from doing what’s needed and “when we have to come to that moment…will answer that question.” That’s according to a Tweet by The Bond Buyer’s Yvette Shields.
In other words, he doesn’t have an answer. Nobody does.
More HERE
Mark A. Vargas, Editor-in-Chief
Scott R. Kaspar, Publisher
All posts, comments and statements made on IR are those of the authors only. Any disputes must be addressed to the writers, who are solely responsible for their posts, comments and statements. We reserve the right to deny or remove comments. Content may not be used without permission of the author.
© 2023 IR Media Corp., all rights reserved. ILLINOIS REVIEW and the IR design are trademarks of IR Media Corp.
I have the answer
Start with IRAs or 401ks or social security for new employees including all teachers, cops, firefighters, state employees, munciole employees, legislators, judges, university employees, etc
This will start a phase out
No more pension scams or pyramid schemes promising deferred wages.
Rumors are circulating that Bathhouse Rahm is heading to the exits before 2019.
Excellent suggestions. But as the legendary Cubs broadcaster, Jack Brickhouse would say when the Cubs were mounting a futile 9th inning rally, “A day late, and a dollar short.
Trying to pretend there are ways of solving the IL and Chicago fiscal morass is akin to rallying everyone to work to bail out the Titanic with thimbles.
The only solution to avoid being taken down with this ship is to – as President Reagan said – vote with your feet.
If you must work in Chicago, NW Indiana is within commuting difference – and your property tax, sales tax and car insurance rates and registration fee savings would amaze you.