-- Connecting the dots between our economy, government and business --
Governor Pritzker said he's open to supporting the Bears' request for state assistance for development around the team's planned future stadium in Arlington Heights, and is clarifying one of his conditions for that support.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
“We need to make sure that the taxpayers are not burdened by the debt that was put on in the building of the stadium if we’re then going to go on and support more funding.” JumboJB said. This guy says the words, gets published and then does the opposite in the dark smoky deal making room over some rare bourbon. Rest assured, the tax payers will be on the hook for the remaining debt on Soldiers Field as well as this next almost trillion dollar enterprise. This will of course be just another corrupt deal and mechanism for money laundering… Read more »