Special commission receives report on COVID-19 financial relief, highlights IDES isssues – WSILTV (Harrisburg)

While the state doesn’t have to rush to use the funding by December 30,GOMB Director Alexis Sturm noted all costs must be incurred by that point. “If it’s a good that the state is ordering, it has to have a delivery date on or before December 30. If it is a service that we’ve procured, the service must have been provided on or before December 30. At the same time, Treasury expects there’s going to be several months of closeout on expenditures.”

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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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