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John Heiderschedit, Criminal Defense Attorney; Subscription Lawyer; Chicago Lawyer

pensions

Chicago pension debt climbs to $36B, up 13% in five years

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

Ahead of Pivotal Budget Season, Civic Federation Releases Reports on Chicago Public Schools Financial Forecast

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

Illinois Cities Looking for Pension Relief, Restoration of Income Tax Share

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

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