City to borrow $185M to cover back pay for firefighters, paramedics

City to borrow $166M to cover back pay for firefighters, paramedics – Chicago Sun-Times

The Johnson administration similarly plans a five-year loan to cover “extraordinary settlements” tied to allegations of police wrongdoing, including the $90 million “global settlement” that will put to rest 176 lawsuits tied to former Chicago Police Sgt. Ronald Watts.

City to borrow $185M to cover back pay for firefighters, paramedics

Pat Cleary, president of the Chicago Fire Fighters Union Local 2, expressed relief over Thursday's nearly unanimous City Council vote to ratify a six-year contract.

City to borrow $166M to cover back pay for firefighters, paramedics

Mayor Brandon Johnson’s administration will borrow $166 million and repay that money over three years to bankroll four years in retroactive pay for 4,800 firefighters and paramedics whose contract was ratified Thursday. Pat Cleary, president of the Chicago Fire Fighters Union Local 2, was relieved by the nearly unanimous City Council vote to ratify the six-year contract. But Cleary accused Johnson of slow-walking negotiations with Local 2 to avo…