-- 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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Folks, don’t confuse property taxes paid with an educational outcome.
Lemmie guess: The Teachers Union’s lazy vermin are wailing for even more money to fund their failures? The highest paid teachers in the nation with the lowest performing students need to be busted not funded. Bust IFT and CTU. School vouchers for all.
Bust them? The Illinois legislature approved a ballot referendum with bipartisan support. Almost all the democrats and over 60% of the Republicans in the state Senate. We are at the opposite end of busting unions. In fact, in 5 weeks, these unions may have even more power.
Always moving the goalposts. These same critics who are “lambasting” EBF today were all-in on EBF five years ago when it passed.
Many parents pay $10,000+ a year in real estate taxes to ensure their children attend good public schools. They know that redistributing their tax dollars from Hinsale to Harvey is political suicide. Good public schools are about the only thing keeping the tax paying parents in the state. The communist is looking to destroy that too so all students can attend terrible public schools.
10k in Hinsdale would be a bargain. I think the average is around 15k.