The top 10 biggest U.S. cities on the brink of pension bankruptcy. #1 Philadelphia – Unfunded liability of $9 billion, $16,696 per household, only 1 year before the pension accounts are empty #2 Chicago – Unfunded liability of $44.8 billion, $41.966 per...
A $43 million busway built to whisk conventioneers between downtown hotels and McCormick Place has turned into “the mayor’s road” and should be opened to taxicabs in exchange for a surcharge, Ald. Robert Fioretti, 2nd said Monday. Fioretti suggested turning the...
Do you know where Chicago ranks in terms of enforcement of the federal gun laws? Out of 90 jurisdictions in the country, they ranked 90th. Why doesn’t NBC News start with, “Shocking news on Chicago. Of all the jurisdictions in the country, Chicago’s...
Moody’s Investors Service has downgraded to A3 from Aa3 the rating on the City of Chicago’s (IL) $181 million of outstanding rated motor fuel tax debt. The outlook has been revised to negative. via Moody’s. Surprises no one. Barely qualifies as news...
With almost 20,000 CTA bus trips a day, tempers sometimes flare on a few of them. Regular users of the CTA know what an obstacle course it can be. On the CTA’s 1,200 rail cars, riders are often met with a variety of frightening encounters- from armed robbers and...