Tag: Chicago

Tag: Chicago

  • Chicago Pension Obligation Bonds, a Strategy or Gamble? image

    Chicago Pension Obligation Bonds, a Strategy or Gamble?

    Chicago Mayor Rahm Emanuel’s administration is exploring the possibility of issuing billions of dollars of pension obligation bonds and investing the proceeds in order to reduce the city’s $28 …

  • Support for Soda Tax Fizzles in Cook County image

    Support for Soda Tax Fizzles in Cook County

    Tax-and-spend proponents have a serious problem when even the greater Chicagoland area, long known as a city that soaks taxpayers, heeds citizen uproar and moves to repeal a tax. The …

  • Chicago’s True Pension Debt Exceeds $87 Billion image

    Chicago’s True Pension Debt Exceeds $87 Billion

    Despite official reports claiming that Chicago citizens are buried beneath a seemingly insurmountable $33 billion in debt, the truth is worse. Much worse.

  • In Face of Chicago Downgrade, State Legislature Looks to More Pension Borrowing image

    In Face of Chicago Downgrade, State Legislature Looks to More Pension Borrowing

    When Fitch Ratings downgraded the city of Chicago's bond ratings at the end of last week, it seemed like just another step on the road to financial disaster for the Windy City.

  • Hey Chicago, Whattya Say? Chapter 9 On the Way? image

    Hey Chicago, Whattya Say? Chapter 9 On the Way?

    When Detroit filed for Chapter 9 municipal bankruptcy, observers offered many reasons for the city’s dire fiscal condition. A very narrow discussion just about Detroit’s condition fails to tell the the truth that approximately 100 cities across America face profound fiscal challenges very similar in scope—even with more diverse economies and steadier population. In fact, Chicago is one of those cities.