Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
The Hidden Cost of Public Pension Underfunding
We look at how underfunded public pension systems are quietly reshaping local government budgets and what that means for your property taxes. With a specific focus on the Chicago Teachers' Pension Fund, we examine the mechanics of actuarial assumptions, the impact of discount rate choices, and why municipal bond spreads are widening. This episode breaks down the gap between promised benefits and actual cash flow, offering a clear view of the fiscal pressure building in American cities.
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The skinny
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