-- 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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Kinda like raiding the safety deposit boxes on the Titanic. Might as well grab all you can carry on the way down.
Obviously they are mistaken. CPS is doing a great job of educating students and the population of Illinois is increasing. Illinois is a vast utopia of democrat and libfilth policies. No problems to speak of there. Yeaaaa, more taxes for everybody.
True in Rockford. There are approx 4,071 employees in Rockford Dist 205 and out of that there are approx 1,700 teachers. The district is top heavy in administration as are many other districts.
https://www.illinoisreportcard.com/district.aspx?source=profile&Districtid=04101205025
And you wonder why your property taxes are so high, especially in the suburbs of Will, Dupage etc.