Chicago mayor’s 2026 budget would dial back pension funding – The Bond Buyer

Chicago mayor’s 2026 budget would dial back pension funding – The Bond Buyer

Chicago Mayor Brandon Johnson's proposed $16.6 billion 2026 budget would reduce the supplemental pension contributions that had lifted the city's credit stature.mThe budget, released Thursday, calls for new revenues, but avoids the property tax hikes that fell flat with City Council last year. The mayor's budget would cut the advance pension payment to $120.2 million from the originally planned $238 million.