Chicago City Council got ‘limited’ help from agency to make budget decisions: report – FOX32 (Chicago)

A new report from the Office of Inspector General alleged that the financial reports COFA provided between 2015 and 2023 were "untimely and inconsistent." In some cases, the OIG said, COFA did not provide an analysis of a proposed budget until after members of the City Council had already voted on it.
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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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