-- 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
Buy one last tank of gas and start driving towards the State border (any direction). When you cross it, make a hand gesture and never look back.
$0.06 cents more per gallon. More taxes on an essential item that thousands of Illinois residents need to go to work, food shopping and essential travel. 90% of the state has no reliable public transportation systems. I’m in a rural area and many people drive 30-50 miles one way to ago to their job. Gas taxes hurt people financially. In the meantime the roads in Winnebago County are in horrible condition. Where’s that tax money to fix our local roads? Pritzger does not care as lone as he can dole out contracts to connected companies and pave Cook/County/Chicago streets with… Read more »
Have you seen the intersection of Alpine and Harrison in Rockford? Horrible. If you go to Beloit the Kwik Trip gas station is $2.79. If you sign up for their debit card you get 3 cents or more discount and many incentives if you buy food and groceries up to 30-50 cent per gallon but you must save the offer. Just check out the website. If you have a Sam’s Club credit card you get 5% cashback at most gas stations up to $300 per year.
Roads everywhere in Winnebago Co are mostly in bad shape. I regularly go into Boone Co on Hunter and Caledonia Rd, smooth as butter and have about 25% of the traffic that’s on Elevator Rd thats like a scrub board. Road tax money for our area? Nope.
Also, we rarely, very rarely buy gas in Illinois. Short jump to Wisconsin to save $$$.
Roads by me are OK but lots of accidents and I mean lots. I’m close to Beaver Valley and Spring Creek where Riverside ends in Boone County. That intersection is a death trap from blind spots. I don’t see any of that $45B boondoggle tax in our area. Just a quick ride to Beloit for me and sales taxes are 5.5%