-- Connecting the dots between our economy, government and business --
"It’s fair for the City Council to ask why the city continues to provide CPS a substantial TIF windfall while also providing the schools other major subsidies."
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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Is that that a pot print blouse that Stacy’s sporting?
These people are always out begging for more money. Say no. Close it.
Stacey should wear a mask. She’s robbing everything in sight