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In particular, Pritzker touted Illinois’ Climate and Equitable Jobs Act and the $45 billion capital infrastructure plan known as Rebuild Illinois. “We’ve made it very clear when looking for nation-leading legislation, and leadership on fighting climate change and clean energy developments, that you don’t need to stop at the coastal states,” Pritzker added.
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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JB Pritzker is the high priest of our new religion.