As Illinois prepares to borrow another $2 billion, repayment leaves taxpayers ‘at risk’ – Center Square

Truth In Accounting Research Director Bill Bergman said a federal bailout is still uncertain, and Illinois’ economic recovery could lag the rest of the nation as it after the Great Recession from over a decade ago.

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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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