Details were few and far between following a meeting Saturday between Gov. J.B. Pritzker and Mayor Lori Lightfoot on the heels of a report that she would ask the state to take over the city’s pension funds.
The meeting was “productive” and the two leaders discussed “shared challenges and opportunities” that covered “a wide range of issues,” according to similar statements provided by each office.
Crain’s Chicago Business reported Friday that Lightfoot would ask the governor to combine Chicago’s pension funds, which are currently underfunded by $28 billion, with those of municipalities across the state.
The report states Chicago would be open to foregoing revenue it currently receives from the state if the state took over pension responsibilities.