Alderman To Consider Borrowing Plan For Pension Funds | WBEZ
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Morning Shift

Alderman To Consider Borrowing Plan For Pension Funds

Chicago aldermen on Thursday will meet with the city’s top financial team who say they have a potentially risky borrowing plan to help fund pensions.

The city has tens of billions of dollars in pension liability, which means taxpayers will likely pay more — but how much more? What are the risks?

WBEZ politics reporter Becky Vevea joins the Morning Shift to break down the borrowing plan.

GUEST: Becky Vevea, WBEZ politics reporter

LEARN MORE: Amid skepticism, aldermen to be briefed on $10 billion pension borrowing plan (Chicago Sun-Times 8/22/18)

Chicago mulls $10 billion debt sale to fill pension funding hole — here’s why it’s a bad idea (MarketWatch 8/22/18)

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