Prairie State coal workers push to keep power plant alive beyond 2035 – WCIA (Champaign)

State Sen. Chris Belt said he and several other colleagues wanted to extend the life of the Marissa coal plant to 2050 to allow local municipalities enough time to pay off the debts they incurred to build the facility. “They took out bonds. So if we closed it in 2035, that still leaves all those municipalities on the hook for those payments.”

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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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