-- Connecting the dots between our economy, government and business --
The order appears to cancel hearings in several public corruption cases, as well as the sentencing hearings for convicted Chicago Police Sgt. Xavier Elizondo and Officer David Salgado. It would also appear to put off the sentencing of ex-Ald. Edward R. Vrdolyak. Among the public corruption defendants whose hearings appear to be delayed are former state Rep. Luis Arroyo, state Sen. Thomas Cullerton and Patrick Doherty, chief of staff to Cook County Commissioner Jeff Tobolski.
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