-- Connecting the dots between our economy, government and business --
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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can’t be gettin’ rid of them cushy, do-nothing d-rat jobs!
consolidate? you can’t be gettin’ rid of them d-rat jobs!
There are approx 65 unit school districts in Florida consisting of 40,000 students each. We have approx 868 with some districts at 100-141 students like Rondout Dist 72 of course with their own Super. Dist 72 costs taxpayers about $30K per student. There are 18 Districts in McHenry (11 in Winnebago County) county which could easily be condensed to 1 or 2 but saving money for taxpayers is never a priority.
Merge similar districts, not disparate districts. My district has one flagship ‘good’ high school, one ‘mediocre’ high school, and one ‘not so good’ high school across the entire township. The bottom two high schools bring down the top performing high school and it’s reflected in rankings. Other similar communities (not townships) have top performing schools because they don’t have the mediocre schools bringing them down.