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Chicago pensions consuming your city services

An item from the do-you-wonder-why-Chicago-is-such-a-financial-mess department? This is from the 2010 budget that Mayor Richard M. Daley unveiled on Wednesday (Page 44): Pensions and debt service In 2010, 43.3percent of the city’s general levy, or $345 million, will be used to fund pension contributions for city employees. State law mandates that the city contribute an... Read more »

By Dennis Byrne,
October 21, 2009 at 8:28 pm

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  Dennis Byrne

  Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

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