Editorial: Tough choices – Quad City Times

"Rock Island, like many municipalities in the state, are feeling the squeeze of budget obligations (particularly steadily rising public safety pension costs) that are increasing faster than revenues...But as a budget presentation last month showed, the city has struggled to keep up with rising expenses even as it has steadily trimmed its workforce."

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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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