Federal aid for states should be conditioned on better transparency – R Street

"At minimum, governments that receive federal funds should be required to report how the aid was spent at the line-item level. Did the money go to respond directly to the harms caused by the pandemic, or was it instead used to plug preexisting holes in pension systems? Taxpayers should be able to know."

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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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