The 2024 Annual Comprehensive Financial Report for the city of Chicago now pegs the city’s unfunded liabilities at almost $36 billion, even after overall debt has dipped by $1.3 billion over the last year. #pension
This series provides a grounded understanding of the District’s fiscal challenges, the limitations of available options, and the consequences of short-sighted or unsustainable decisions. #reports
According to Illinois Department of Insurance data, nearly $14 billion in unfunded liability was owed to local downstate public safety pension plans through 2020. #illinois