Putting out the fire
North Riverside has a novel answer for its pension crisis
Published by the Chicago Tribune on June 26, 2014
North Riverside is a small town with a big problem: It can't make its pension payments.
The west Cook County suburb of 6,700 people faces a $1.9 million budget deficit. One big reason for the gap is that it has to make a $1.8 million payment to its police and fire retirement funds. North Riverside doesn't have the money.