City’s proposed 2021 budget will erase $1.2 billion shortfall — and without more federal help, top mayoral aides say – Chicago Sun-Times

"Chicago is so desperate for money, the city is seriously considering a temporary casino to get the jackpot rolling in until a permanent casino and entertainment complex can be built. McCormick Place East, rebuilt after a 1967 fire, is one of many possible locations."
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Bob
5 years ago

Lets see….how many years too late for this ? Do these people truly believe what they say or is every word just a political game. The state is sunk. The city is sunk. Period. I ho estly be ieve they know that and their ONLY possible hope is a Democrat in the White House and thats why everything is going haywire in this country. They want the rest of America to pay for their corrupt ways. How many years would it take to be right back in a deep hole if Illinois was allowed to start at zero ? Its… Read more »

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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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