-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Can you put Forest Preserves on your toast?
Oops, the article mentioned some of the money from the property tax increase would be used for pensions.
Taxpayers are already paying way too much for pensions.
No.
No more money from us, the taxpayer.
You stole enough with the bail out money.
Live within your means. Find the savings.
This from someone who loves and uses the Forest Preserves a plenty.
Has anyone mentioned this amounts to a 50% increase to the CCFP budget? Seems like they buried the lede.
WHAT??????????? This editorial is complete garbage: + Beck’s Lake is the picture? Beck’s lake is adjacent to I-294! That picture is so misleading! + During the pandemic, more than 100,000 people a year visited the forest preserves, whose cumulative acreage is larger than almost 20 national parks. Cook County’s preserves had more than eight times the 14.1 million visits to the Great Smoky Mountains, the nation’s most popular national park. HUHHHH? THIS DOESN’T MAKE SENSE + The Cook County forest preserves are full of homeless people, creeps, criminals, pervs, and lots of large parties of illegal immigrants. There’s some wildlife… Read more »
Unlike the Smoky Mountains, the CCFP is in a metropolitan area and not a mountain range, so it makes sense that more people would visit. Central Park has over 40 million visitors a year yet is only a tiny fraction of the size of CCFP. So which is more successful?
You’re gravely mistaken, all the examples of undesirables are the employees.