-- 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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19.9 million spent on busses and zero for a place to plug them in. 284k per bus 70 busses you do the math.
Environmental Protection Agency when creating or disposal of batteries is one of the worst Environmental problems we have.
Which school districts ?
I hope every jurisdiction looking for creative ways to spend unspent monies being pushed out the door by Biden, does so knowing it will count against their Govt cheese going forward.