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.
Were is the accounting of the $5B given to Illinois already!?
There is none priztker and his band of thieves are still sitting on the money, that’s if they still have it. My thought they diverted the money to another fund and stole it to pay pensions or the bill backlog
Poor J. Beluga Pritzker. How is he ever going to explain this to his constituency?
The State of Illinois fiscal year 2022 budget includes forecasted revenue based on a Federal Law which does not yet exist.
At a time when the President of the United States and Federal Senate Leader have publicly stated opposition to providing extra Federal assistance to cover the extra state debt.
The State of Illinois budget is bogus, irresponsible, and a BINO.
Budget In Name Only.
BINO is a 20 year annual tradition in Illinois.
I love the term. Only one request, change to “Balanced in name only”
What’s the fat slob waiting for? Start cutting!