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)