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.
Gosh, well…I certainly appears that these folks didn’t know about it. The State certainly doesn’t make it easy to know about the credits, so perhaps if 8,274 people are known to have not taken advantage of this credit…perhaps the state should proactively help… what a concept.