Chicago's Pension Woes

Shields, Yvette
May 2006
Bond Buyer;5/3/2006, Vol. 356 Issue 32373, p1
Trade Publication
The article reports on the impact of the unfunded pension liability on the long-term fiscal stability in Chicago, Illinois. According to Dana Levenson, the city's chief financial officer, gaining control of growth in government spending with pension and health care costs is the greatest challenge the city faces as it seeks to avoid raising property taxes. He added the city is seeking ideas for long-term structural solutions from various stakeholders including business community and union officials.


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