Jane the Actuary
Sales Tax Securitization, anyone?
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The plan is a good idea, but not thiught through. Chicago wants to raise money for its pension fund. There are many ways to do this that can be explored , skyway deal is a type of option.
One problem is that if the investments dont return 7.5 in any year, but debt still has to be paid , city is in cash flow crunch. Lots of potential solutions , but it requires deep analysis and not tweetable answers. But is anybody really listening? Happy to do guest column .
Question.. Does Chi city borrow on the pre pension monies? Does IL not passing a state budget for over 700 days impact Chi city pension issues?
Look forward to someones reponse and learning.
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