Comment: Note the fixation on near-term liquidity. Never mind that CPS has long been grossly insolvent, and was even while all agencies still had it rated investment grade.
State Board of Elections’ filings show the Speaker collected over half a million dollars from union reps and trial lawyers Thursday, December 17 – the same day another budget meeting was scheduled.
Comment: Hmm, let’s check some basic numbers. Average effective property tax is 5.3% for residential and 13.2% for commercial. Police and fire pension unfunded liability is $53 million — for a town with just 26,000. Can’t find their financial statements on their site. Draw your own conclusions.
Specifically at risk are complaints and records relating to every investigation of police misconduct dating back to 1967. The city agreed to hand over the records, but the Chicago Fraternal Order of Police wasn’t having it, arguing that the union’s contract allows complaints against officers to be destroyed after five years.
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