Illinois Nuke-Plant Exits Poised to Gut Small-Town Budgets – Bloomberg

The Byron Community Unit School District 226, about 96 miles west of Chicago, relies on the local Exelon plant for about three fourths of its property taxes. “It would be devastating,” said Buster Barton, superintendent of the school district, where roughly a quarter of the almost 1,500 students are low income.
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Governor of Alderaan
5 years ago

The Democrats tell us 24/7 that businesses are bad. They underpay their employees, overcharge their customers, and cheat everyone else! We must tax and regulate them to death, then things will be better! We hear this until the businesses are forced to close, then we hear how badly everyone is suffering without business

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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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