(The Center Square) – Chicago taxpayers now face unfunded debt from its municipal, laborers, police, fire and teachers’ pensions that exceed the overall debt of at least 44 states.
New Equable Institute data shows city taxpayers now face unfunded debt from its municipal, laborers, police, fire and teachers’ pension funds topping $53 billion, or more than the overall pension costs of at least 44 states.
Illinois Policy Institute policy researcher LyLena Estabine argues Chicago’s growing pension debt is raising just as many questions about the city’s long-term sustainability…