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Rahm Emanuel Shouldn’t Gamble on Chicago’s Pensions
WebAug 29, 2024 · Mayor Rahm Emanuel on Wednesday offered a spirited defense of his controversial plan to sell more than $10 billion in pension obligation bonds to minimize the need for another punishing round of post-election tax increases, even as he insisted that a final decision has not yet been made. WebApr 1, 2024 · There were pension holidays for 13 straight years. And at the end of that there was a $10 billion shortfall in the pension fund that had been 100 percent funded in 1999. The Chicago Teachers’ Pension Fund, it was 100 percent funded, so it went from one of the best-funded pension funds in the country to one of the worst. guilford county nc ballot
Rahm Emanuel Rolls the Dice to Pay Chicago’s Pension Bills
WebDec 12, 2024 · CITY HALL — Outgoing Mayor Rahm Emanuel delivered a pension address Wednesday, calling for changes to the state constitution, selling bonds, creating taxes on legalized marijuana and opening a Chicago casino. Here is the prepared text of his speech: Mayor Rahm Emanuel: Chairman Austin, Chairman Burke, and Members of the City Council: WebAug 3, 2024 · Mayor Rahm Emanuel’s financial team is considering borrowing billions of dollars to pour into Chicago’s ailing pension funds — a move they contend could save … WebMay 25, 2015 · Banks have agreed not to immediately demand the more than $2 billion outstanding, which gives Emanuel time to restructure or renegotiate the debt. He plans to restructure $800 million worth of... bourton on the water duck race