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Commuter tax? City lottery? Cut costs? : Mayoral field offers budget solutions in face of deep pension debt

Jan 17, 2019 - Chicago Tribune

One wants a city-run lottery. Another would tax suburbanites who work in Chicago. There's also the possibility of the city issuing pension obligation bonds to free up billions of dollars.

A handful of Chicago mayoral candidates on Wednesday addressed how they'd grapple with staggering public pension debt the new mayor will face within months of taking office this spring. While their approaches to how they might find the huge sums the city needs may differ, they agreed the problem has to be...