Guest Commentary: Chicago’s Middle-Class Families Are Leaving – A 2027 Mayoral Accountability Call – Chicago Contrarian

Leo Fiascone, high school junior and founder of Chicago Rising: "In 1970, half of Chicago was middle-income; today, just 16 percent remain ... In the last decade, Chicago lost approximately 85,000 Black middle-class residents. A shrinking middle class also hurts remaining low-income residents by reducing local jobs and tax revenue for essential services. Shockingly, no comprehensive city-sponsored plan addresses this mass exodus.
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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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