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.
There is no good faith effort by the Mayor to justify the request for “free” Federal money.
Perhaps find a way to legally freeze salaries and benefits since she says there is a COVID-19 pandemic emergency.
Or heaven forbid reduce salaries and benefits.
Lockdowns galore, salary freezes nowhere to be found.
Open the city up Lori. That would help. Of course, if you, Foxx, Evans and Dart cannot get the carjackings and muggings down to the minimal level we had before the riots and looting, you are going to have to pay me to make a visit.