Editorial: Summer is over, and an autumn reckoning awaits Mayor Brandon Johnson – Chicago Tribune*

"More and more, a mayor who promised voters unprecedented investments in schools and neglected city neighborhoods appears cornered and faced with the reality that’s obvious to most Chicagoans: The money to finance a progressive 'transformation' of the city isn’t available. Increasingly, it appears the money isn’t there to finance the existing city government..."
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Where's Mine ???
1 year ago

Someone in press needs to ask, with all big cities nationally recieving COVID $billions, is Chicago the only big city that’s is in such desperate financial shape?

Lawrence
1 year ago

The politics of joy as the city crumbles. It time to face reality and get to real work of governing.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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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