State investing $40M in Cairo river port – Capitol News

Cairo, in Alexander County, is a town of about 2,200 people that sits at the confluence of the Ohio and Mississippi Rivers in the southern tip of Illinois. Approximately 80 percent of all the barge traffic in the United States passes by the city. State Sen. Dale Fowler, whose district includes Cairo, said the project is expected to produce jobs and economic activity that will have a ripple effect throughout the region.

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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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