-- Connecting the dots between our economy, government and business --
The letter from 28 City Council members demands that the mayor: freeze the summer youth employment program he is determined to expand; reduce a mayor’s office staff that has ballooned under Johnson and former Mayor Lori Lightfoot to pre-pandemic levels; amd eliminate unspecified “redundancies between departments” and the mayor’s office.
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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Oh dear. This will not sit well with Ralphie Martired of the same DNC rag as Frannie here. Ralphie can’t see the businesses and individuals fleeing the city and never met a tax hike he didn’t love and can’t wait to tax the schite out of the poor Chumbolones who remain. Must be nice for Ralphie to be lost in his academic bubble over by Roosevelt University.
A individual in a league of his own.
DOGE comes to the City of Chicago. Love it!
City of Chicago is run by bunch of total imbeciles.
No, the voters are the total imbeciles who voted them in.
They should cut the 9,000 staff they just hired in the CTU!