- Mayor Rahm Emanuel is lifting the veil a bit on how he intends to deal with the other half of Chicago's pension woes. And the financial crisis for Chicago's police and firefighter retirement plans has been delayed, at least a little.
In a phone interview a day after Gov. Pat Quinn approved a financial restructuring of two of the city's four pension funds, Mr. Emanuel strongly suggested that the solution for the badly underfunded police and firefighter funds lies in legislation that would apply not only to sworn personnel in Chicago but also the suburbs and downstate.
Brilliant.Daley can't keep a lid on spending, burning through money to enrich the connected, the Rahm is going to try to stick everyone else in Illinois with the bill. Look for some push back on this from suburban lawmakers and maybe even another attempt for Illinois to divest itself of Chicago, Cook County.
0 Comments