Closure of indoor dining could have big economic impact – ABC20 (Springfield)

Restaurants make up 10-15% of Springfield’s sales tax revenue, so this closure could end up hurting the city budget, but City Budget Director Bill McCarty said he’s also worried it will hurt the city’s character. “Our local businesses, that’s the heart and soul of our community. That’s what makes us unique, so it’s heartbreaking any time we see one of those depart."

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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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