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Amid skepticism, aldermen to be briefed on $10 billion pension borrowing plan

AUGUST 23, 2018 | by Fran Spielman | CHICAGO SUN-TIMES

“Richard Ciccarone, president of Chicago-based Merritt Research Services LLC, shares Vallas’ skeptical view. He called the plan to minimize the need for another punishing round of post-election tax increases 'not the solution I wanted to see' from Chicago. Not even after dedicated funding sources have now identified for all four city employee pension funds. 'We just cannot continue to defer this problem to future generations.' …” 

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