Killing extra pension payment could spare Mayor Brandon Johnson and aldermen political headaches, but cost Chicagoans later [Yahoo! Finance]
Moody's Corporation (MCO)
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Source: Yahoo! Finance
constituents — is leading them back to a question all too familiar in the halls of power in Chicago: Should they spare taxpayers financial pain and themselves political headaches now, even if it costs far more down the road? Some officials are rallying around the idea of diverting surplus dollars from past years' budgets that were set aside to keep the city's pension funds afloat. The “advance” or “supplemental” pension payment Johnson wants for 2025 is $272 million, just shy of the $300 million tax hike he called for then abandoned last week in the face of an overwhelming council revolt against it. Cutting that pension payment is among the most straightforward fixes floated to fill the gaping property tax hole in Chicago's budget. But there are plenty of warnings against skipping it, including from Johnson's budget team and municipal finance experts. Among the potential outcomes they predict: Even bigger pension bills to pay later. Ratings agency downgrades for the city's credi
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MCO
News
- Moody's Co. (NYSE: MCO) had its price target raised by analysts at Stifel Nicolaus from $459.00 to $533.00. They now have a "hold" rating on the stock.MarketBeat
- Moody's Segment Performance Solid [Yahoo! Finance]Yahoo! Finance
- Moody's Co. (NYSE: MCO) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- Moody's Co. (NYSE: MCO) had its price target raised by analysts at Morgan Stanley from $481.00 to $508.00. They now have an "equal weight" rating on the stock.MarketBeat
- Moody's Segment Quarterly Performance Solid [Yahoo! Finance]Yahoo! Finance
MCO
Earnings
- 2/13/25 - Beat
MCO
Sec Filings
- 2/14/25 - Form 10-K
- 2/13/25 - Form 8-K
- 2/12/25 - Form 5
- MCO's page on the SEC website