Chicago Faces $11.6B Pension Hit from New State Law

Trudy. It's an amazing story. Give us the details on why these pension decisions are really giving Chicago a much worth of a time now at raising money.So Chicago already is facing what early estimates indicate is $1,000,000,000 deficit in 2026. And its long term financial outlook also is weighed down by the net unfunded pension liability that it carries. Now, this new pension law that was just signed by Governor Pritzker last week potentially adds another $11 billion to roughly $36.5% billion long term liab ...