-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Wait until Amendment 1 hits the books. As the Dave Clark 5 song goes, “You ain’t seen nothing yet, bbbabbby you ain’t seen nothing yet”.
If the schools only had more money! That will fix it!
CPS needs a staph infection!
We need more DEI staff!!!
In Rockford dist 205 there are approx 4,700 employees of which 1,800 are teachers.There are 26,700 students. That means for every 5.68 students there is one employee.
https://www.publicschoolreview.com/illinois/rockford-school-district-205/1734510-school-district
Another of life’s strange mysteries!. We need more staffing because we need more staffing.