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The statement from the mayor’s office urged alderpersons to “make their proposals public” so they can be “evaluated and debated in the public sphere,” adding, “We [have] yet to see any viable proposals from this group.”
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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Why not automatic increases for EVERYTHING like JB did for the gas tax every 6. months.
The whole transportation RTA, CTA, etc hasn’t had a fair increase in 8 years what business can survive with no increases for that long, no lets stick it to the tollway users who never even use this crap.
All of these “fees” on top of services provided by and paid for by others in the course of business is “money for nothing.” Taxes are bad enough, when they are for something you don’t agree with, but taxes for absolutely no service, no resource, no involvement, no participation by the government…is just robbery.
Panic attack will NEVER lay-off political hack union workers . He controlled by CTU FOR THE 2 MILLION WHEN HE RAN FOR MAYOR . Means residents are screwed.
Illinois politicians are licking their chops to institute a delivery tax. Of course the delivery driver’s pay includes elements of taxes, the vehicle is subject to assorted taxes, the fuel used is taxed and of course the product being delivered has assorted taxes built into it as well.. With that in mind one might call the delivery tax a tax on a tax in true Illinois style meaning things are getting pretty desperate for the tax hungry politicians in Illinois.
Always higher fees. Braindead needs to learn to cut spending .