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.
With moves like this, the State is making things more expensive for us peasants who pay their ever increasing taxes. Things are less expensive in our neighboring states. I need to shop there to save money for the increasing taxes in this great State.