Pension change boon to Chicago police officers, firefighters, but additional hit to taxpayers

Editorial: Chicago’s Springfield delegation socks it to the city’s taxpayers with reckless pension bill – Chicago Tribune/Yahoo

"Many Chicago lawmakers will be boasting as we approach yet another campaign season about how they held the line on income and sales taxes in a particularly tight budget year in Springfield. Voters shouldn’t be fooled. Every single one of those legislators acted to force inevitable future property tax hikes. Pension contributions are mainly funded by property taxes."

Pension change boon to Chicago police officers, firefighters, but additional hit to taxpayers

Mayor Brandon Johnson's finance team estimated the initial cost would be $52 million in 2027. Budget watchdogs warned it will add billions to the city's pension liability.