Chicago Boards the ‘Social Bonds’ Bandwagon — And Gets Results – Illinois Answers Project

"Cities like New York, Philadelphia and Atlanta have all recently boasted financial perks from promoting their bonds to amateurs as feel-good investments. Analysts say the nationwide trend is likely here to stay, even as its benefits in Chicago and elsewhere so far have been tepid — and even as some governments push in the other direction."

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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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