-- Connecting the dots between our economy, government and business --
Tuesday was the committee’s first meeting since July. The Mayor’s Office directed questions about the city’s spending on supporting migrants to an online dashboard, which shows a total of $638.8 million has been spent since September 2022.
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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It makes sense the police superintendent didn’t attend and didn’t send a representative. When the citizens don’t have the police presence they should have in the communities, why should a committee to protect and pay for select costs of illegal residents get anybody’s time of day.
Arrest anyone who would agree to spend tax payers money on Illegals is the right answer.