-- Connecting the dots between our economy, government and business --
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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Tax credit legislation for 1. affordable housing – that has no hope of solving anything. 2. Live Theatre – Really? 3. Student loans for music – Sheesh.
Nothing for Invest in Kids to allow parents a choice of where their tax money is spent for schools. Nope. Not surprisingly, CTU is totally against this program, because it impacts its ability to control everything and keep schools open that are built to serve 1000 students and only have 30 in it.
Where are the government and politicians priorities…oh wait…yep, awaiting a payday from someone…now I get it…
When will rising property taxes be addressed? Here is an article about Montana’s property taxes. We all know where most of the taxes are going to as it states in the article.
https://www.yahoo.com/finance/news/montana-man-68-begs-moratorium-100200538.html