February Pat News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Amr Alfiky/AP file; Rich Hein/Sun-Times file A Wall Street rating agency that alone gave Chicago a junk bond rating on Friday branded as “credit negative” a bill Gov. J.B. Pritzker signed over Mayor Lori Lightfoot’s objections boosting pensions for thousands of Chicago firefighters. “The legislation is credit negative for the city of Chicago,” said the advisory from Moody’s Investors Service, “because it will cause the city’s reported unfunded pension liabilities, and thus its annual contribution requirements, to rise.” With pension contributions consuming 17% of the city�...

Pat Nabong; Ashlee Rezin Garcia/Chicago Sun-Times file Gov. J.B. Pritzker signed a bill aimed at fixing pensions for thousands of Chicago firefighters on Monday, rejecting Mayor Lori Lightfoot’s call to veto the legislation that she called “highly problematic.” The governor argued the pension fix ensures “certainty and fair treatment” for hardworking firefighters, but Republican lawmakers and fellow Democrat Lightfoot counter that it will sock already strapped taxpayers with another property tax increase. The new law removes the “birth date restriction” that prohibited roughly 2...