Column: ‘Millionaire tax’ plan goes away, but will be back another day – Champaign News-Gazette

Jim Dey: "If, as (Illinois House Speaker Chris) Welch said, 'everyone knows it needs a lot more work,' why were Welch and a host of others pushing to get the measure on the ballot just a week ago? Perhaps it was because Illinois has a rich history of majority-party leaders ramming controversial, complicated pieces of legislation through the General Assembly before all legislators, the public and the news media have a chance to review it. Call it the 'fait accompli' approach to public policy."
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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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