-- 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.
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What he does not understand is that fire engine company’s have medical equipment and a paramedic on the majority of company’s. These company’s now have 2 roles Fighting Fire and Emergency medical care. They are the first company’s on the scene of vital medical calls who stabilize sick and injured people as they wait for a ambulance to come back into service from their last call. The real reason is the ambulance system is so overloaded in the city that the fire system needs more ambulances, take a look at the numbers they do not lie. What happens when that… Read more »
As a retired CFD member, in my 29 years , not once did the city approve a contract in less than 3 years past the expiration of the old contract. And the prevalence of EMS calls over Fire calls has not changed for quite some time. We do need more ambulances. What people don’t think about is that the City of Chicago is self insured and a lot of that has to do with the ability to provide a solid response to fires and other disasters. Reduce that ability and your liability goes up. Want to save money BJ? Try… Read more »
Would that Mayor Johnson did the same thing to the Chicago Teachers Union based on their dismal record of educating students.
He’s going to reshape the fire department. With his track record the city will be ashes by the end of his term
Why would CFFU or any other city union except less after giant deal$, new hires, zero school closings CTU just landed w help of Brandon? And passage of Amendent 1 has made, for all practical purposes, any attemps at efficiencies or staffing changes impossible anyway. Brandon knows that, as well as everyone else at city hall. All chump taxpayers can do is pay more as usual and Brandon knows that as well!!!!