Conehead Finds Money Tree
Rahm's Magical Money Tree must have bloomed this past week, and Conehead is taking full advantage:
Chicago will move ahead with its full $260 million supplemental pension payment, Mayor Brandon Johnson promised the city’s investors Thursday.
Johnson pledged to make the payment — aimed at chipping away at the city’s towering unfunded pension liabilities — during the Chicago Investor Conference. But as he argued City Hall “cannot simply cut our way out” of its fiscal woes, he did not reveal what new taxes or fees he will propose to balance the city’s next budget.
“Let me say that one more time: I want to reassure this audience that the city will make the second budgeted supplemental pension payment this year,” he told the investor crowd. “Because of property tax delays from the county, it’s a question of when, not if.”
The pledge adds another, and possibly final, chapter to the saga of the $260 million payment, which has become a key source of contention between Johnson and the City Council.
Got to love how Conehead claims he "cannot simply cut our way out," without ever making a serious effort to make cuts.
We'll just remind him where there are plenty of cuts that would save a hundred million tomorrow:
And that's from three years ago.
Labels: money questions










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