• HOME :
  • NEWS :
  • CHICAGO MAYOR PUSHES BOND SALE, CONSTITUTIONAL CHANGE TO FUND TROUBLED CITY PENSIONS

Chicago mayor pushes bond sale, constitutional change to fund troubled city pensions

DECEMBER 13, 2018 | THE EPOCH TIMES

“Mayor Rahm Emanuel laid out a plan on Dec. 12 to infuse cash into Chicago’s huge—and expensive—pension system. He urged the city council to approve the issuance of $10 billion of bonds to temporarily alleviate the fiscal burden of the city’s four retirement systems. Emanuel, who leaves office in May after declining to run for a third term as mayor, also called for changing the Illinois Constitution and earmarking new revenue from a possible casino and legalized marijuana for pensions.”

NEWS

Create your own charts

VIEW LESS