Illinois will invest $270 million into child care rescue, as operators report tough times ahead – Chalkbeat Chicago

In Chicago, the child care sector has been roiled not just by coronavirus but by an overhaul in the way the city steers grant funds. At least 15 centers are set to lose significant dollars on June 30 and have warned of closures if the mayor doesn’t intervene.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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