Lawmakers ask Illinois officials to give downstate municipalities ability to help local businesses – Center Square

“The U.S. Treasury allows it. You have taken a step to limit it,” said state Sen. John Curran, R-Downers Grove. “I would surmise, you’ve got that wrong.”

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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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