Group says local governments’ hands tied in COVID-19 economic response – Capitol News

In May, when the General Assembly met in Springfield for a truncated special session, legislators approved a budget plan that specified how those funds were to be disbursed by several entities: the Departments of Commerce and Economic Development, Revenue, Human Services and Healthcare and Family Services, as well as the Emergency Management Agency.
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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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