Illinois’ poorest hit hardest by COVID-19 job loss, many still unemployed – Illinois Policy

The weak recovery Illinois is currently grappling with was anticipated. That is because COVID-19 and state-mandated mitigation measures disproportionately affected those who couldn’t work from home and struggle most to find steady employment: workers with fewer years of schooling along with women and minorities who already tend to earn less than other workers and are less likely to have strong labor market attachment.

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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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