Tuesday, October 29, 2013

Illinois WatchDog: Illinois cities now facing public pension crises

Wonder what John Cullerton says?
 
"Should Springfield fail to pass pension reform for Chicago soon," Chicago Mayor Rahm Emanuel said in a budget speech last week, "we will be right back here early next year to start work on the city's 2015 budget, a budget that will either double city property taxes or eliminate the vital services that people rely on."
People are thinking twice about investing in any property in the City.

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