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Emanuel’s 2013 budget is calm
before pension crisis storm

Chicago Sun-Times, by Mark Brown

Original Article

Posted By:brianod1, 10/11/2012 1:29:08 PM

Mayor Rahm Emanuel’s 2013 city budget is the calm before the storm that could make everyone forget the worst blizzards in memory. So feel free to savor the calm just a moment before stepping forth into the cold winds of reality. For the second straight year, Emanuel has submitted a reasonable, responsible budget that faces up to the city’s financial problems. Even better, this year’s budget proposal contains no new tax increases or fees of any sort, although it profits considerably from the ones he pushed through last year.

Comments:
So, according to Mr. Brown, inaction on a known problem - the underfunded pension liability - is responsible. No wonder he loves Obama.

  

Post Reply  

Reply 1 - Posted by: msjena, 10/11/2012 1:57:40 PM     (No. 8926073)

It's out of Emanuel's hands. Change needs to occur in Springfield.


Reply 2 - Posted by: brianod1, 10/11/2012 2:22:30 PM     (No. 8926128)

#1, changing the law is in the hands of Springfield. Funding the pensions as required by law is entirely in Mayor Emanuel's hands.


   

 

  


 
Reply 3 - Posted by: msjena, 10/11/2012 2:25:44 PM     (No. 8926134)

Emanuel can't fund the pensions after years of inaction by prior administrations. Current funding would not solve the problem--it would only hurt the taxpayers. The only hope is for change in the system itself, which has to occur at the state level.


Reply 4 - Posted by: brianod1, 10/11/2012 2:34:44 PM     (No. 8926157)

LDotters now that we are not to engage in a back-and-forth, so forgive me Lucianne, but the law is what it is. There is no guarantee that it will ever change. Emmanuel's job is to uphold current law, not future law.



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