COVID-19 craps out state gambling tax revenue by $200 million, but sports betting off to strong start – Chicago Sun-Times*

The state is counting on six new casinos authorized under last year’s gambling expansion law to eventually start generating cash. “However, questions remain on the extent that gaming revenues will increase given the plethora of gaming opportunities that already exist and the potential ramifications of the virus on the economy and discretionary spending,” state analyst Eric Noggle said.

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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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