Tag: Chicago
Tag: Chicago
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Chicago Pension Obligation Bonds, a Strategy or Gamble?
Chicago Mayor Rahm Emanuel’s administration is exploring the possibility of issuing billions of dollars of pension obligation bonds and investing the proceeds in order to reduce the city’s $28…
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Support for Soda Tax Fizzles in Cook County
Tax-and-spend proponents have a serious problem when even the greater Chicagoland area, long known as a city that soaks taxpayers, heeds citizen uproar and moves to repeal a tax. The…
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In Face of Chicago Downgrade, State Legislature Looks to More Pension Borrowing
When Fitch Ratings downgraded the city of Chicago's bond ratings at the end of last week, it seemed like just another step on the road to financial disaster for the Windy City.
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Hey Chicago, Whattya Say? Chapter 9 On the Way?
When Detroit filed for Chapter 9 municipal bankruptcy, observers offered many reasons for the city’s dire fiscal condition. A very narrow discussion just about Detroit’s condition fails to tell the the truth that approximately 100 cities across America face profound fiscal challenges very similar in scope—even with more diverse economies and steadier population. In fact, Chicago is one of those cities.