-- 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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Property taxes have always been higher in the Burbs. Look what those idiots pay in south Cook County.
This should raise Chicago residential property owners’ PT rates to the draconian rates in the suburbs; rates unheard of in most of the rest of the country.
More property taxes for the Chicago voters—Cool!!
Did some stupe realistically believe otherwise?
Let them strike, they aren’t doing any teaching anyhow.
Time to break the CTU
Same as $1 bil CPS deficit, it looks like Brando’s asking for dopey taxpayer/ homeowners to pay for all the all the programs, new hires, pay & benefit raises, etc currently being funded with expiring COVID funds that are apparently now PERMANENTLY baked into the budget. With the vast majority of COVID $bucks$ going into the pockets of are upper middle-class public sec heroes. And no alder or press even tries to ask whats the total bill??? EQUITY!!!!!! If your an Illinoisan outside Chicago your going to get hit with the same con, paying for expiring COVID $bucks$ rather than… Read more »