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"In virtual briefings conspicuously timed for Election Day, aldermen were told the massive borrowing would be bankrolled by a mix of tax increment financing, a first-year bond issue backed by property and/or sales taxes and “interim financing and cash-flow management” in anticipation of future state and federal funding."
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WIREPOINTS ORIGINAL STORIES
Audio and summary Illinois bill would override local law to allow homeless living in all public parks – Wirepoints
April 14, 2026
29 Comments
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Mark Glennon on AM560’s Morning Answer: Chicago Fiscal Crisis Worse Than Pre-Bankruptcy Detroit, HIV Surge and Public Health Threat From Open Borders Goes Unreported
April 10, 2026
2 Comments
Summary and audio linked here.
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
April 3, 2026
9 Comments
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.
WBEZ and Chicago Sun-Times falsely blame Texas Gov. Abbott for 2020 to 2024 surge in Chicago Latino HIV, AIDS infections – Wirepoints Quickpoint
March 31, 2026
11 Comments
Expect no retraction or apology. This what they do.
If passed, I’m sure the majority of $ will be handed out to direct hire city crews (cdot, street&san, water dept) doing work THE CHICAGO WAY–no questions asked/ incredibly inefficiently/ on t&m basis as opposed to being competively bid. Look for lightweght to claim she has won city labor union negotiations savings in exchange for no questions asked about how city infrastructure $ are being spent, city labor union handouts. Shes also trying to dump Ferguson, the only person in city that gives the public any indecation on how EFFICIENTLY city tax $ are being spent