-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Interesting, grocery tax makes up 30 percent of the village’s budget so that leaves 70 percent your telling taxpayers you would need a maximum property tax increase, what’s wrong with this picture you have that many grocery stores in Clarendon Hills that bring in that kind of money, idea cut your bloated government don’t say it can’t be done your just to damn lazy to do it. Last time I checked Clarendon Hills property taxes are extremely high already so who is trying to BS who.
One way or another, they’re gonna getcha, getcha, getcha, getcha.