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Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Gates is prime example of “rules for thee, not for me”.
And as I stated below not one word from the Chicago media on this not one story that I’m aware of, CTU paying them off also.
WGN picked up, https://wgntv.com/news/wgn-investigates/questions-emerge-over-ctu-presidents-indiana-property-tax-claim/
Please let us know if there are any more. If so, I bet they will be very, very few.
Note to Stacy – Seems like people are watching you now, I’m guessing they’ll find other things. Time to start reversing them.
What gets me is the taxes without the deduction are $1,997.00. What is the total value of the property? Is it $47K or is that based on 1/3rd or 1/10th value? Taxes at $1,997.00 seems high for a $47K home since taxes are capped in most counties in Indiana at approx 1% of value. Indiana property taxes are much cheaper than in Illinois. Regardless how much would taxes be on the same value home in Chicago or a high tax area like Rockford? As an example a $276K home in South Bend valued at $276K pays $1,661 plus 13.9%. They… Read more »
George Orwell wrote a book about people like Stacy.
IN is a whole LOT different than IL – they got her.
Such a dumb move for someone in the political spotlight.
Not “dumb,” more untouchable – “you can’t do a thing to me or I’ll play the race card.”
So pathetically equity hustle ghetto cheap for someone maken $289k on the taxpayers dime. WOW!!
The liberal elite think they’re entitled to everything.
Tsk Tsk Tsk, bad girl. So will the media in Chicago pickup on this story will they humiliate her or just ignore the whole thing.
Hopefully a criminal conviction and large fine are coming for these union grifters.
Eugene’s Law: Dig deeply into any financial scam and you’ll find a CPS employee.
Article link doesn’t work.
Fixed it. Thanks.
She does not even live in Chicago or Illinois? No wonder she does not give a sh*t about our kids.
She must be domiciled in Chicago because in the process of rationalizing why she sent her kid to private school she went into detail why the CPS schools were unsuitable for black males. And no one is going to believe the kid commutes from South Bend to Chicago.
Let’s hope someone checks the Indiana statutes. In order to take the “primary residence” tax break, many states now require that you sign a statement to the effect that you do not take the same break in another state. And in many of those states it is a crime to make the misstatement. I hope she gets caught.
Indiana may not excuse carpetbaggers from IL with any leniency compared to IL letting Democrat unions and office holders slide when caught.
Wisconsin has an acronym for people like Stacy (FIB). I suppose they could use it Indiana too if Indiana didnt also begin with an “I.”