Chicago taxpayers will be forced to dig deeper -- and so will city workers -- to bail out four city employee pension funds that will run out of money by 2030, a Mayor Daley-appointed commission has concluded.No word yet from Chicago Mob linked Alderman Ed Burke who:
"There is no low- or no-cost solution to this problem. . . . Deferring action is not a viable option," said a draft of the final report, obtained by the Chicago Sun-Times.
As Chairman of the City Council’s powerful Committee on Finance, Alderman Burke holds the city’s purse strings and is responsible for all legislative matters pertaining to the city’s finances, including municipal bonds, taxes and revenue matters. Alderman Burke became Chairman for the second time in 1989. He previously served from 1983 to 1987.Great moments in Blue America!