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Some Chicago aldermen leery of Rahm Emanuel’s possible $10 billion pension borrowing plan

AUGUST 24, 2018 | by Gregory Pratt, John Byrne | CHICAGO TRIBUNE

“… Brown’s PowerPoint presentation said the bonds would 'provide significant reduction in cost of pension debt,' 'materially improve the funded status of the pension funds' and 'decrease the total amount of additional revenue required to fund pensions, saving billions for Chicago taxpayers.' … The plan 'will not' add 'additional reinvestment risk,' the PowerPoint said. But that isn’t entirely true …”

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