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.
Folks, we need to get government completely out of education. Return all school taxes to the taxpayers and let them decide where to have their kids educated.
Agreed. Don’t forget that the amount you pay towards school taxes is based on the value of your property. The more you pay if your home value is higher does not reflect better student outcomes.