Editorial: Special taxing district is needed to help ailing Mag Mile — but only if it’s done correctly – Chicago Sun-Times*

"The city made its most egregious screw-ups when it hit the gas pedal. Think of Mayor Richard M. Daley’s fiasco of a parking meter deal in 2008 to Mayor Rahm Emanuel’s hasty 2013 decision to close 50 public schools."

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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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