-- 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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County-level prosecutors could theoretically organize and bargain to rescind some provisions in the SAFE-T Act under “other terms and conditions of employment.” All it takes is two creative attorneys to set the ball in motion.
Hope Amendment One bites them on the backside!
I’ve been saying this for months. Any part of the SAFE-T Act that can be classified as working conditions or endangers the economic welfare and safety at work is fair game. There’s an entire sub-section of the SAFE-T Act that covers employee-related things. I would fully expect downstate police forces to negotiate those things back. Expect sympathetic governmental units to comply as it costs them nothing. In a few years the SAFE-T Act is going to be piecemeal legislation with different rules and enforcement based on what the counties and munis negotiated. But law enforcement is interpreting a recent amendment… Read more »
It would be classic if Democrats’ union payoff ballot measure blows up their soft on crime agenda