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Michael Pfleger, Seth Limmer, Otis Moss III and Ciera Bates-Chamberlain: "There is no guaranteed civic line of funding (or oversight), no procurement power for the Office of Community Safety, and no guarantee — which can only happen by ordinance — that this important office (and its deputy mayor) will remain part of the city’s infrastructure. Likewise, despite a thorough listening tour and wider civic cooperation, there is no established community board for participation or, more importantly, oversight."
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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