Chicago's top mayoral aides pull back on promise to make second half of pension advance in full

The $16.7 billion budget approved by a City Council majority that rejected Mayor Brandon Johnson’s corporate head tax required the city to make a full $260 million advance pension payment to stave off another costly reduction in Chicago’s bond rating. The Johnson administration ignored that mandate, made a half payment of $130 million in January, and promised to pay the other half in the second quarter of this year. Now that second installment is in jeopardy. During a day-long Budget Committee…