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Theresa Kern, the board chair for the Women Construction Owners and Executive’s Chicago Caucus, worries that if passed, the ordinance would discourage developers from pursuing construction projects in Chicago. “Right now, there is hardly any work going on (downtown) at all,” Kern said. “It’s chasing work from downtown for one thing, and if you chase work from downtown, then you’re going to chase work from the rest of the city.”
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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Call it what it’s main objective is “ Make Chicago into Detroit “. A little transparency, please.
How much of BHC tax funds would be spent on homeless “wrap-around services” providers (one can only guess who those folks are?) vrs rent subsidies or direct payments to so called homeless (“the physical home”)? however “homeless” are defined.
also, will alderman be able to vote on how BCH tax revenue is spent? Or, mayor has 100% control how BCH tax revenue to reward his buddies?