WBEZ’s Travis Truitt reports that Mayor Daley has come out against the recently-passed state pension legislation, because its demand for more money from the city towards pension funds would… wait for it… increase property taxes. Even though there are other options.
Pensions (both locally and around the country) are an interesting, ongoing fuckup. Or at least the problems are paradoxically interesting in their banality. I think Chicagoans tend to assume that corruption is at the root of our problems, and though you can find accusations of it here and there in relation to pension funds, they’re dwarfed by basic, workaday mismanagement.