Chicago is a key battleground as railroads struggle to figure out the future – Chicago Tribune*

“This has been a theme forever and ever,” said Tracy Robinson, chief executive of Canadian National Railway. “The railroads come into an area, and the community builds up around them, and then we have trouble living together.”

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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