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.
You can see a lot of the world on a 375K salary.
Given the precarious financial situation the CTA finds itself in, they should take this low hanging fruit immediately and fire Dorval Carter. It’s a win-win as they’ll save his salary and over the top travel expenses. He’s obviously not doing much, so don’t replace him.