Show Us the Money!

How does $14 Million balloon to $195 million (maybe even more)?

Compound Interest AND penalties baby!!!

• Already facing massive yearly budget deficits, the city of Chicago could face a bill in the hundreds of millions of dollars for police overtime in a long-running case on behalf of 8,500 current and former Chicago Police Department employees.

  It’s been nearly 10 years since the case was filed and almost five years since a federal judge ruled in favor of the officers, who argued that the city “willfully violated” labor laws by miscalculating overtime pay they were due over a span of years.

  But the two sides are still fighting over how much the city will have to pay.

  An expert hired by the officers says the city owes the cops somewhere between $310 million and $450 million, court records show. City Hall’s hired expert says it’s much less — no more than about $195 million.

  Even that is far more than the $14 million the city could have settled the case for at the start, Paul Geiger, a former police union attorney who represented the police officers who sued, said after a court hearing Thursday.

Remember, this was filed ten years ago....and the FOP won it five years ago. The City was playing fast and loose with how OT was calculated (as they often do) and went with the paying the lowest possible rate because the City is always crying poor and CPD can't take any labor action to force an honest negotiation.

And this time, it's going to cost them tens of millions of dollars. A sergeant acquaintance tells us the PBPA has a separate lawsuit regarding a VRI payout that - again - they won in court, but the city is - again - refusing to pay. Can anyone confirm?

Conehead isn't solely to blame - this dates back to before Groot and started with the 9.5 Digit Midget. But any one of them could have stepped up and just ended it, but you can't let the cops have a win, even if a Federal judge says they were the wronged party.