-- 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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Look at Toledo Ohio and how they painted their silos
Public input ? JaBba will be putting it in the public for as long as he is in office. Mr. Tadin is a very highly regarded Asphalt, Carting, Waste and Real Estate operator, The Italian American Executives of Transportation even said so.
This deal will definitely be in the best interests of the taxpayers of Illinois and Chicago.