chicago pensions

According to the Civic Federation, the legislation is projected to increase required city contributions to the Police and Fire pension systems by approximately $8.4 billion between 2025 and 2055, representing about $1.7 billion in present value. #pension #civicfederation #chicago

In a statement, Bally’s Corporation Senior Vice President for Corporate Development Christopher Jewett said the expansion of video gambling terminals represents a significant threat to the city’s long-term financial interests and violates commitments made under the company’s host community agreement with Chicago. #bally's #council #expansion