-- Connecting the dots between our economy, government and business --
Federal agents raided the Bloomingdale Township Road Department in January, collecting Highway Commissioner Robert Czernek's desk calendar, a "dirt log," and financial records involving three construction contractors, a search warrant shows. The probe comes amid a spiraling federal corruption investigation unfolding in Chicago and the suburbs with ties to transportation spending.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER