Indiana lawmakers amend Indiana-Illinois border bill to add Indiana commissioner, shift quorum – Chicago Tribune/Yahoo

“While the concept may seem ambitious and complex, this bill does not enact the transfer itself, but rather creates a structured framework for thorough analysis and planning,” said Indiana state Sen. Scott Baldwin. “It should be important to note, (Illinoisans) initiated this conversation. They have all asked to be a part of this.”

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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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