-- Connecting the dots between our economy, government and business --
Gov. Pritzker sent his children to Francis Parker and the Latin School in Chicago. Both currently charge tuition and fees of more than $40,000 a year. But Mr. Pritzker was unwilling to try to save Invest in Kids, clearly telling lower-income parents that failing public schools are good enough for their kids. The average Invest in Kids scholarship cost Illinois about $6,000, whereas Illinois spends about $18,000 per public-school pupil. This means Illinois will be spending more to provide inferior education if parents of more than 33% of the current Invest in Kids scholarship recipients can no longer afford private schools.
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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