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Posted inCity NewsUncategorized

Blue Ribbon Committee Confirms $145 Million Unfunded Liability in Pension Funds

In a 30-page report submitted to Mayor Lorraine Morton on Oct. 24, a Blue Ribbon Committee confirmed the City has an unfunded liability of $145.8 million in its police and firefighter pension funds. While the Committee has been studying the issue since April, it has no magic bullet to solve the problem. The Committee accepts […]

Posted inCity NewsUncategorized

Tentative City Budget Shows $2.8 Million Shortfall

With the national and global economies crumbling, the City of Evanston, like other municipalities, is trying to craft a budget that will preserve jobs and programs without undue strain on the community. “It’s been an extremely rocky year, as you are all well aware,” Interim City Manager Rolanda Russell told the City Council members, staff […]