-- 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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Never let uncommitted tax money go to waste. So they build another physical embodiment of progressive agenda. Who benefits? Only the contractors award its contract awards.
Quick – we’ve identified another “recently arrived migrants” shelter site!
Old Joe’s catholic school didn’t have a plaza.
Money is not object when it is not yours.
Governments first job is to create jobs, benefits, and overly generous pensions for adults. The service provided (if it is even done) is last on the list.
Who is counting students? Duh. What matters is easy jobs for CTU members. Rignt now the entire city of chicago is a host for the parasitic vermin of CTU. The real workers and taxpayers are being sucked dry by these grifters. Their mayor got elected. Everyone else can just bend over and take it.
CPS need a full forensic audit for waste, mismanagement and fraud
Pretty sure the bulk of the budget goes to those brightly colored suits and pimp hats I see on the news when 12 admins all stand up at the podium together like they just got back from a shopping spree at Pimp McGee’s Maxwell Street Soul Shop.
Questions: How many support staff, instructors and administrators are assigned to the school? Has there been any reduction in staff? How much is being expended on salaries, benefits, etc.? How much is being spent on utilities and upkeep? How much is being spent per student? How many of those enrolled students actually attend? Why hasn’t this school been consolidated with another underutilized school? And last, but not leas, why is $910,000 being spent to upgrade the school plaza? By my calculation that’s around $8,500 per enrolled student in addition to the personnel costs and day-to-day building expenses. What are “they”… Read more »
Shaddayp and youze jus keeps payings youze taxes.