The City Club of Chicago, a civic and public affairs forum,‎ is slated to host a luncheon at 11:30 a.m. on Oct. 29 at Maggiano’s Banquets, 516 N Clark St.  

The topic of discussion will be "Chicago’s $838 Million Shortfall: Hard Choices Ahead," and speakers will include Chicago's 32nd Ward Ald. Scott Waguespack, S&P Global Ratings Director of U.S. Public Finance Carol Spain, and Wirepoints President Ted Dabrowski.

Member tickets are priced at $35 and sponsorships are available for $750.

Wirepoints President Ted Dabrowski

In her first State of the City address delivered last summer, Chicago Mayor Lori Lightfoot said that Chicago faces an $838 billion shortfall with much of the debt driven by the city’s runaway pension liabilities. By Moody’s estimates, the massive deficit leaves the average Chicago household on the hook for $145,000 in government debt that will continue to rise under the current fiscal structure.