Chicago’s Unmentionable Pension Solution Haunts Mayoral Election
This article is for subscribers only.
Chicago could avert financial doom with a new casino or an expanded sales tax. Or it could relieve the pressure from $20 billion in pension debt by slapping a levy on commuters.
As the city’s credit rating slides toward junk status, the most direct remedy to dodge the threat of insolvency -- raising property taxes -- is barely mentioned by the two men vying to run Chicago in the next four years.