Original Stories

Audio: Wirepoints’ Mark Glennon says Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades – Chicago’s Morning Answer

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.

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Blue City Spending Drives ‘Unaffordability,’ Not Relief: Wirepoints’ Mark Glennon on Chicago’s Morning Answer – AM560

“You didn’t have to be a wizard t.o see it,” Glennon said, recalling that warning signs were evident as far back as the early 2000s when state revenues faltered after the tech bubble burst. The fiscal trajectory of many major cities, he said, has long reflected a pattern of expanding government commitments without sustainable funding models. Full interview here.

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