Chicago mayor’s pension fix includes legal marijuana, casino

CHICAGO (AP) — Chicago Mayor Rahm Emanuel wants to legalize marijuana and open a city-owned casino to help pay down the city’s $28 billion public-pension debt.
Emanuel’s proposal also calls for issuing up to $10 billion in pension obligation bonds and changing the state constitution to allow cuts to retirees’ cost-of-living increases.
The fix proposed Wednesday comes as Emanuel prepares to leave office in May, and with the city’s required annual pension payments set