-- 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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Why can’t a “teachers village” be combined with other affordable housing initiatives? Are poor teachers too goo to live among their poorer students? Treat it like 50% affordable housing for teachers, 50% voucher/Section 8.
Why exactly are public funds being used on this private apartment complex, a complex that will include retail and commercial space? Is it because they promised a measly 27 units funded thru CHA vouchers?
But where to the migrant refugees stay?
And so it starts. Millions of tax dollars, $18 million suggested, to build housing for some of the highest paid teachers in the country. I’ve read comments on this board where someone predicted this. Passing Amendment 1 will make things worse. Public unions can demand and will receive whatever jewel of new benefit they desire simply be saying they want it and then passing whatever contract they prepare, taxpayers be damned.
I think it’s a good idea. Put all the degenerates in one building, makes it much easier to round them up
So the units on average cost $467,000? Taxpayer funded? So the kids move away and the teachers move in. Clearly CPS /CTU is a works program. Works for the teachers….
The units cost $467,000 in an area where home prices range from $275,000 to $350,000. What’s wrong with this picture?