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“The vast majority of the municipalities and communities throughout the state assess this fee,” State Sen. Robert Martwick said. “It is used specifically for the benefit, improvement and maintenance of the fire department.” Martwick’s bill would mandate all districts to assess a 2 percent tax on out-of-state insurers.
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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wrong article