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Mayor Lori Lightfoot said $53.5 million is what the city projects it will have to spend through June 30 for “migrant services, and this amount will only increase based on the number of new migrants that arrive in Chicago.” She said the city has made its own “multimillion-dollar investment” in help for migrants; “however, these funds without state assistance will not be nearly sufficient to address this ongoing need.”
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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Treat them well as they are the future of Chicago. Everyone else is running for their family’s safety.
Go woke go broke, dumb dumb.
Huh?!? W w w w ait??! Chicago is a sanctuary city!!!!
Pritzker to Lightfoot: Caer muerta
Bidenomics naively believes that mass illegal immigration will bring down high inflation as the illegals compete with natives in the labor market. I don’t think Biden’s ICE has done even a single raid of any employer hiring illegal immigrants, it’s a free for all out there. Bidenomics at the same time also ignores that illegal immigrants contribute greatly to inflation: they buy used cars, they compete for affordable apartments, they buy your food at the grocery store, they fill up the emergency rooms, they crowd the schools (so higher taxes). Bidenomics ignores these inflationary measures, because they know that in… Read more »
Perhaps Lite in the Loafers should secure funding first and then advertise that Chicago is aPublic Charge Sanctuary City!
…of course, fleece the suburbs (state)….they are the path of least resistance. Past examples of injustice and broken promises to suburban non-public union taxpayers: …highest property taxes in the country–frequently excessive and incompetently established Tier 1 public pensions (and retirement medical benefits)—other states do something about public pension corruption/malfeasance–but not IL. IL pols generally will not even talk about it….and then on top of not doing anything about it…they put Amendment 1 on the ballot…. and despite property taxes which are the highest in the country, and IL as the state with the highest percentage of general revenues going to… Read more »
The Chitty of Chicago see this as a revenue stream.
Hire more worthless government employees to provide very little help to the immigrants.
Interesting at the city level that’s $34,000/migrant for 6 months, good gig. Then LOL mayor big stick can send them to the suburbs on CTA trash bins. Don’t know what happens after 6 months. Here’s a thought put them to work, LOL governor JB’s unemployment is terrible in the US.
It’s a lot easier to talk about being a sanctuary city than to actually pay for being a sanctuary city, right Lori?
Right. Sort of like saying you can buy an expensive property as long as someone gives you most of the money to do so.