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If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Well Stacy Gates won’t have to go far to see a Bears game!
The Bears should leverage this situation as best as possible. It will definitely get the city and state to help kick in some funds. Otherwise the city and county can plan on losing 12% off of all ticket sales as well as all the sales tax from items sold in the stadium.
I just don’t see any possibility of doing that in IL. The problem is about $1 billion in related infrastructure costs, and nobody has the capacity for that.
Taxpayers have more than enough money according to the taxing bodies.
“ Take my Sox, please!” . Apologies to the late Henny Youngman.
Omg somebody take the White SOx such a disgusting team