Saturday, January 31, 2015

Chicago Public Pension fix? Candidates Say We'll get back to you later

The Chicago Sun-Times reports:
Before the end of this year, the mayor of Chicago — whoever that is — must make a very important decision about how to find more money to pay for city employee pensions.

But the five mayoral candidates who debated Friday before the Chicago Sun-Times Editorial Board either don’t have a solid plan or aren’t ready to share it.

You might think there would be no avoiding the issue that is sure to dominate the next mayor’s agenda.

Unfortunately, a lack of specifics from Mayor Rahm Emanuel has made it easier for the others to dodge as well.

The mayor couldn’t be budged from what I’ll call his “Trust Me” speech in which he recounts his track record on financial matters
Just a reminder to you Chicago municipal bond holders.