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.
Northwestern is long overdue on establishing PILOT agreements with both Chicago and Evanston (“payment in lieu of taxes”), to compensate municipal governments for some if not all of property tax revenue lost due to Northwestern’s tax-exempt ownership status for its real estate property. Shame on Northwestern, still expecting its residential neighbors in Evanston and Chicago to substantially subsidize Northwestern’s enormous property holdings.
Don’t call it “reparations” – call it PILOT agreement payments.
Northwestern should enroll black students regardless of their test scores, grades, etc. to show Northwestern is serious about equity.
Evanston Reparations Racketeers Are Running Out Other People’s Money
If this isn’t extortion, I don’t know what is.