-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Audio and summary
Here are a few items referenced in the article.
City Club of Chicago
City of Chicago Finances: Are We on the Brink?
Published on Jul 26, 2016
Moderated by Laurence Msall
Featuring John Kass, Naomi Richman, and Fran Spielman
http://www.youtube.com/watch?v=x8r_9W3Z5lo
Moodys
Moody’s downgrades Chicago, IL to Ba1, affecting $8.9B of GO, sales, and motor fuel tax debt; outlook negative
May 12, 2015
Moodys
Moody’s downgrades Chicago, IL to Baa2; maintains negative outlook
February 27, 2015