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.
Did our rotund Governor notice?
Ooooch, poor jb, apparently even with jbs taxpayer funded $400 closing deal fund and UAW begging Biden admin to intervene directly it isn’t enough to help offset all illinois negatives to get similar deals.
On capitolfax, they are using this as an excuse to discuss the virtues or Marxism
Meanwhile Stellantis giving Illinois the finger by closing its Belvidere Jeep Plant
https://www.chicagotribune.com/business/ct-biz-belvidere-jeep-plant-closing-20230224-dvvgjnzm4vcwvbzderwq5t7oo4-story.html