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Chicago Public Schools huge pension debt just got bigger

MARCH 27, 2018 | by Juan Perez Jr. | CHICAGO TRIBUNE

By Juan Perez Jr., includes “The district’s obligation eased last year when the state agreed to take on hundreds of millions of dollars’ worth of CPS pension payments. … The state’s agreement to pick up some pension costs, along with city property tax hikes earmarked for pensions, allowed school officials to present a picture of relative fiscal stability. Republican Gov. Bruce Rauner’s latest spending plan, however, now wants to cut off the pension aid. And under the state payment plan, the pension fund costs will skyrocket in years to come.” 
 

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