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.
Hope they all vote no. The Districts have enough money…they waste most of it.
Politicians don’t ask voters to vote on their pay raises but ask us to vote to raise taxes on our fellow citizens. What a bunch of human waste they are.