Pritzker’s budget plan underfunds pensions by $5.4 billion.
Actuaries have indicated that a revision of the pension plan in Illinois would necessitate an annual expenditure of about $17 billion. However, the proposed budget for 2027 calls for significantly less. Governor J.B. Pritzker’s budget plan allocates $5.4 billion less than what actuaries recommend for the five state retirement systems. House Bill 0131 and Senate […]
Mamdani underfunds MTA in initial budget while advocating for free buses
Budget watchdog groups are raising concerns that Mayor Mamdani’s administration has significantly underestimated the financial obligations owed to the Metropolitan Transportation Authority (MTA) in his initial budget. This comes as he attempts to deliver on his campaign promise to provide free city bus rides. The New York City Comptroller’s Office indicates that in fiscal year […]