Kaegi, Cardenas trade barbs over property taxes – The RealDeal*

For Board of Review Commissioner George Cardenas, the issue boils down to accountability and over-reliance on property taxes, which he says must end. “This is not only a fiscal crisis — it’s a moral one,” he said.
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Free at Last
1 year ago

Ah the vultures are getting testy. There is very little meat left on the bones of the carcass and the scavengers are fighting over who gets to pick the carcass clean. Enjoy.

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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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