Illinois Lawmakers Pass Budget, Ethics Reforms As Exelon Bailout Falters – WBEZ (Chicago)

Other issues that failed to take flight included the repeal of a parental notification abortion law, a fix to major delays in obtaining state firearm permits, and creation of an elected Chicago school board, which was a priority of the Chicago Teachers Union that Mayor Lori Lightfoot fought to reshape. “Count the victories,” House Speaker Chris Welch said in talking with reporters after they had adjourned. “Don’t look at the things that didn’t get done yet.”

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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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