Chicago Mayor Lori Lightfoot offers details on proposed $3.7 billion capital projects spending plan – Chicago Tribune*

Lightfoot officials said they would work with aldermen on projects, an olive branch of sorts to the City Council at a time when the mayor is struggling to lock in 26 votes for her 2021 budget plan. The move also gives her a signature spending plan to point to if she runs for reelection and a way to create jobs for residents.

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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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