Aldermen Delay $9.1M in Planned CTA Upgrades Amid Questions About Diversity Goals – WTTW (Chicago)

The City Council’s Finance Committee voted unanimously Tuesday to take no action on a proposal to spend $2.1 million from a downtown Tax Increment Financing District to make repairs to the Dearborn Street subway. City lawyers and CTA officials told aldermen they could not require the projects to meet the city’s diversity goals, rather than less-stringent federal rules.

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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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