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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.
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.
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The title of the article says: “no property tax hike (for Chicagoans) if Springfield chips in,” but the body of the article says no “big property tax hike.” So, which is it? I’ll go way out on a limb and say it’s the latter. Either projected outcome will not likely happen, because Lightfoot probably defines a big property tax as a huge one; you know, the opposite thinking of how Pritzker will be defining the affluent for his progressive state income tax. Also, a more informative title would be: no property tax hike for Chicagoans if the rest of IL… Read more »