Cook County Board of Commissioners Approve FY2024 Budget – Civic Federation

The Civic Federation expressed support of the Cook County proposed FY2024 budget, due to Cook County’s pension reform legislation, prudent financial management, long-term planning and appropriate use of excess reserves. The County has a plan in place for the sustainability of ARPA programs after federal funds are expended. The budget also does not increase any taxes or fees.

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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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