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Mayoral challenger Susana Mendoza vows to use financial acumen to tackle Chicago’s $36B pension crisis
The outgoing state comptroller said the next mayor of Chicago needs to have a “come to Jesus moment” with union leaders and demand the concessions needed to prevent city employee pension funds from going bankrupt and dragging the city under.
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State Comptroller Mendoza enters mayoral race, takes shots at Mayor Johnson, Giannoulias
Susana Mendoza argues that her “trifecta of experience” as a state legislator, city clerk and state comptroller proves she is the “turnaround expert”
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City Council, vote no on Mayor Johnson’s $830 million bond issue
Susana Mendoza urges City Council to reject Mayor Johnson’s risky $830M bond plan and prioritize fiscal responsibility for Chicago taxpayers.
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Mendoza touts $82 million in savings through early COVID-19 loan payoff
— Chicago Sun-Times | Avery, T. — View the article. One of two loans from the U.S. Federal Reserve to the state for pandemic expenses, the $2 billion was granted in December of 2020. Roughly $1.8 billion was used on Illinois’ Medicaid bills, and the remaining $200 million was put towards health insurance for state…
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State’s unpaid bill backlog shrinks to $3.5 billion — and in Illinois, that’s called ‘remarkable’
— Chicago Sun-Times | Hinton, R. — The drop in the backlog — which, at its highest point, stood at $16.7 billion in 2017 — means Illinois can pay its bills as they come in and moves closer to paying off its debts within a normal 30-day cycle. Illinois’ backlog of unpaid bills is down…
