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Rahm’s pill for pension headache could prove tough to swallow

DECEMBER 13, 2018 | by Fran Spielman | CHICAGO SUN-TIMES

“Asked whether he still has the clout to get it done, Emanuel offered a one-word answer: 'Yes. … This is not about clout. This is about the city’s future.' … The mayor may be overly optimistic, judging from the avalanche of opposition to his ideas. … Gov.-elect J.B. Pritzker declared Wednesday that he is not pursuing a constitutional amendment that could set the stage for eliminating a pension protection clause … The mayor’s strong pitch for a $10 billion pension borrowing was equally controversial, even though Emanuel argued that it could save Chicago taxpayers 'as much as $200 million' next year and as much as $7 billion over 40 years. Civic Federation President Laurence Msall said it’s not worth the 'incredible risk.' …”

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