How Chicago’s financing of police-misconduct payouts adds hundreds of millions to the tab – Crain’s

Chicago's habit of floating bonds to pay for the annual cost of police-related payouts was spotlighted in a report issued last month with the provocative title, "Police Brutality Bonds," by Action Center on Race & the Economy.

The group, which focused on the practices of several cities but spotlighted Chicago, estimates Chicago will spend more than $1 billion to service the debt on about $700 million in cop-related settlements and judgments incurred since 2010.

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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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