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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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So all overtime is down compared to last year with the exception of the police. This should serve as an expensive lesson for those that want to “defund” the police. Disrespecting these valuable public servants will only make it more difficult to hire the appropriate number of individuals that WANT to serve in that role. If you don’t have enough employees, then overtime for those that remain. Defund the police rhetoric will only cost the taxpayers more money. Some things just work out perfectly.
Same could be said for consolidating many of the school districts. The result would be new larger school districts absorbing the employees due to contracts made. We have way to many school districts with duplicative services costing taxpayers huge amounts of money and unless there are layoffs with consolidating it will be difficult to achieve yet necessary. If downsizing can be done the remaining employees would demand more money for increased class sizes. A real Catch-22.
There is an O.T. ‘cluster bomb’ ticking away at CPD…
Its explosion is due to coincide with the DNC in August…
Or maybe even sooner if the ’96 shots’ crowd gets their way…
Given the overly generous pay of public employees in Chicago, what are the hours associated with this overtime? How many total hours did these people put in?
And, did they actually do any work during the time?
Bet ya they were at home putting in for the time , any takers