Press Detail

Editorial: Gambling and legal weed won’t pay Chicago’s huge pension debt

Posted on October 31, 2018

Chicago Sun-Times

This editorial from the Chicago Sun-Times asserts that a Chicago casino and marijuana legalization would not provide adequate revenue sources to tackle the City of Chicago’s severe pension problems. Civic Federation President Laurence Msall said that sin taxes have a history of not living up to their revenue expectations in Illinois. He also warned that relying on solutions like gambling or legalizing marijuana is harmful because it diverts attention from the hard choices that need to be made to fully stabilize the City’s finances.