A warning to Chicago's 'Mayor Next'
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0 Left 0 Centered 0 RightSomeone, someday, will ask you when the financial downfall of Chicago began. Your answer: Dec. 30, 2010. On that date, Gov. Pat Quinn signed into law a requirement that the city — and all other local governments in Illinois — raise property taxes in 2015. Why? To get pension funds for police and firefighters 90 percent funded over the next 25 years. Today, Chicago's funds are a skimpy 34 percent funded.I wholeheartedly endorse properly funding pension funds for city retirees. The que...