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…
