Rising Pension, Healthcare Liabilities Help Drive $7.3 Billion Increase in Chicago Long-Term Liabilities Between FY2018 and FY2022
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Chicago's long-term liabilities increased by $7.3 billion between fiscal years 2018 and 2022, driven in part by rising pension and healthcare liabilities. This issue is being discussed in the context of broader financial concerns, including pension funding and affordability. The topic appears to be relevant to multiple locations, including Chicago and potentially New Jersey, although the specific connections between these places are unclear.