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.
TIF’s are nothing but political slush funds to do with whatever pleases them and doled out to the politically connected. If they worked and used as intended taxes should go down for everyone. The Tif’s in Rockford are basically useless to the average taxpayer.