You may have heard Chicago has a pension problem … to the tune of more than $35 billion of debt. Pensions affect nearly everyone — even if you’re not a public employee. Taxpayers have already been footing the bill to alleviate the pension debt.

State Sen. Rob Martwick, the measure's author, praised Mayor Brandon Johnson for confronting Chicago’s pension woes. The bill ensures that all retired Chicago police officers get a 3% annual cost-of-living increase, regardless of whether they were born before or after Jan. 1, 1966.

The newly created Department of Reentry would have a budget of $5 million and four employees charged with helping formerly incarcerated individuals in Chicago get what “they need to thrive in this city,” Mayor Brandon Johnson said.

Supporters say the plan would generate approximately $100 million annually to address the root causes of homelessness by building new permanent housing that offers wraparound services.

Mayor Brandon Johnson’s first spending plan eliminates a $538 million shortfall and prioritizes new investments in affordable housing, mental health services and environmental justice.

Despite the enthusiasm of supporters who held a City Hall rally before the City Council meeting and packed the chambers, Ald. Brendan Reilly (42nd Ward) tried, but failed, to prevent the measure from heading directly to a committee hearing and vote.

Even though the Chicago Police Department has exceeded its overtime budget in each of the past five years, the City Council is once again poised to set aside just $100 million to cover the department’s overtime bill in the 2024 budget.

The working group formed by Mayor Brandon Johnson in June to tackle Chicago’s acutely underfunded pensions has yet to craft a comprehensive plan to address one of the major fiscal challenges facing the city.

More than 1,000 people – mostly migrants – lined up hours before the city clerk’s event on Oct. 12 at Gill Park in Wrigleyville was scheduled to start, overwhelming the 15-person staff, City Clerk Anna Valencia told WTTW News.

Mayor Brandon Johnson’s 2024 spending plan would increase the overall CPD budget to nearly $2 billion, accounting for more than 31% of the city’s $5.7 billion corporate fund, by far the most of any city agency or department.

City officials have issued 150% more municipal ID cards so far in 2023 than in all of 2021 and 17% more than in all of 2022, according to city data.

The analysis by Fitch said the rating upgrade “is driven by a decline in the city’s long-term liability burden stemming from steady growth in the economic resource base and improved debt management practices.”

Several alderpeople, from across the political spectrum, asked Budget Director Annette Guzman why the mayor set aside just $150 million in his spending plan to care for the migrants, even though that is less than half of what the city will have spent to care for Chicago’s newest arrivals through the end of 2023.

Mayor Brandon Johnson’s first spending plan does not include a property tax hike to keep up with the rising rate of inflation, or new taxes or fee hikes to cover the city’s budget deficit.

The spending plan crafted by Mayor Brandon Johnson and his team will provide the most comprehensive response to the myriad of intractable problems facing the mayor, including how to handle the more than 1,700 vacant positions in the Chicago Police Department, since he took office nearly 150 days ago.

Chicago joins Alaska, California, Guam, Minnesota, Montana, Nevada, Oregon, Washington and Washington, D.C., in ending the tipped minimum wage.