Last ride for Chicago’s taxis? Ride-sharing, pandemic taking its toll – WGNTV (Chicago)

In order to drive a taxi in Chicago, you need a city-issued medallion. And this time last year there were 3,433 active medallions. About half of the city’s 7,000 taxis were on the road. Currently, the number has fallen to 648 with 2,151 medallions surrendered to the city...medallion prices are tumbling too. They now trade for around $25,000. That is down from $290,000 in 2015.
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Governor of Alderaan
5 years ago

$25,000 for a taxi medallion is overpriced by $24,995

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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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