40% Of Chicago’s Budget Goes To Pensions, Debt

Posted on 10/20/2023

Illinois Policy Director of Fiscal and Economic Research Bryce Hill says 40% of Chicago’s budget is out the door before it can be spent on services, because it is funneled into the pension and debt service. Chicago Mayor Brandon Johnson’s new US$ 16.6 billion budget may not improve the situation. Hill notes: “On the revenue…

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