You have to wonder whether Chicago Mayor Lori Lightfoot really thought she could get away with it.
Just three weeks ago, she was demanding a state taxpayer bailout of her city’s nearly bankrupt pension funds. The problem was so big, she said, she’d risk her “re-election” over it. Eventually, Gov. J.B. Pritzker denied her bailout request for obvious reasons – the state is just one notch from a junk rating.
Now news reports confirm that Lightfoot has offered the Chicago Teachers’ Union a five-year contract that will cost taxpayers another $325 million. That includes guaranteed raises of more than 14 percent over the life of the contract. And that, of course, turns into more pension benefits and an even bigger pension hole for CPS.
That’s an expensive gift for a city that Lightfoot claims is in need of a multi-billion dollar bailout.
That about-face should infuriate every downstate Illinoisan. If the bailout had gone through, here’s what all Illinoisans would have been paying for:
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
Typical you know what
Chicago is just another Democrat "shit hole" and they created the problem then they suffer until they fix the problem. I say this about every outlandish pension system that is bankrupt or close. No one needs $75,000 plus from a retirement pension system. Why should I a tax payer receiving a hell of a lot less pay for these incompetent Democrat Politian's screwups?
Illinois can't afford to bail out Chicago. Watch them declare bankruptcy and and beg Trump for money. Can't wait.
Let them eat cake!
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