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.
If memory serves, Himself was Richard I’s point man at the ConCon in 1970. The flat tax could not have been passed there without Hizzoner’s acquiescence conveyed probably thru Madigan.
What an extremely biased article worshiping the graduated rate income tax hike. This unfair tax should be shot down on its own. The poison of Madigan has nothing to do with it; its an awful all idea all on its own. Pritzker is frantically counting on it but Illinois Bankruptcy is the only solution.
I think McClelland is just a general interest writer who once in awhile writes a pro-tax article.He wears his progressive creds on his sleeve.